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Bajaj Holdings offloads three-fourth of its stake in Force Motors

18 Aug 2014 Evaluate

Bajaj Holdings and Investment, the holding company of the Bajaj Group, has offloaded around three-fourth of the shares it owned in Force Motors. Bajaj Holdings has sold 16.56-lakh of the 21-lakh shares it held in the company for between Rs 436 and Rs 592 a piece, fetching it about Rs 91 crore.

Force Motors is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.

Peers
Company Name CMP
Tata Motors 421.30
Ashok Leyland 148.95
Force Motors 17681.00
Olectra Greentech 1065.40
SML Mahindra 6123.40
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