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Bajaj Holdings to acquire stake in Maharashtra Scooters

18 Jan 2019 Evaluate

Bajaj Holdings and Investment (BHIL) is going to acquire 27% shareholding in Maharashtra Scooters held by Western Maharashtra Development Corporation (WMDC). The shares will be acquired at a price of Rs 232 per share. After the acquisition, the company will hold 51% share capital from 24%.

Bajaj Holdings & Investment is essentially a holding and investment company focusing on earning income through dividend, interest and gains on investments held.

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