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Bajaj Holdings soars on buying 27% stake in Maharashtra Scooters from WMDC

18 Jun 2019 Evaluate

Bajaj Holdings & Investment is currently trading at Rs. 3615.00, up by 75.30 points or 2.13% from its previous closing of Rs. 3539.70 on the BSE.

The scrip opened at Rs. 3598.00 and has touched a high and low of Rs. 3643.95 and Rs. 3575.00 respectively. So far 627 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3799.00 on 11-Jun-2019 and a 52 week low of Rs. 2203.65 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 3780.00 and Rs. 3526.25 respectively. The current market cap of the company is Rs. 39394.56 crore.

The promoters holding in the company stood at 49.03%, while Institutions and Non-Institutions held 16.56% and 34.41% respectively.

Bajaj Holdings & Investment has got the credit of 27% stake in Maharashtra Scooters (MSL) with the transfer of 30,85,712 equity shares by Western Maharashtra Development Corporation (WMDC). The total consideration paid by the Company to WMDC with respect to the said acquisition was around Rs 222.48 crore at the price i.e. Rs 232 per share along with interest 18% per annum (p.a.) from the date of award i.e. January 14, 2006 up to the date of payment effected on January 14, 2019.

Consequent upon the acquisition of 27% stake of MSL from WMDC, the Company holds 51% shareholding in MSL. MSL has hence become a subsidiary of the Company now.

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

Bajaj Hold & Invest Share Price

10366.60 151.60 (1.48%)
17-Apr-2026 16:59 View Price Chart
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