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WMDC transfers 27% stake in Maharashtra Scooters to BHIL

18 Jun 2019 Evaluate

Western Maharashtra Development Corporation (WMDC) has transferred its 27% stake in Maharashtra Scooters to Bajaj Holdings & Investment (BHIL) on June 17, 2019. Consequent upon the acquisition of 27% stake of the company from WMDC, BHIL holds 51 % shareholding in Maharashtra Scooters. The company has hence become a subsidiary of BHIL now.

Maharashtra Scooters is engaged in assembling geared scooters. The company markets scooters under the brand name of Chetak, Super and Priya. 

Peers
Company Name CMP
Bajaj Finserv 1849.85
TVS Holdings 12817.00
Cholamandalam Fin. 1508.45
Altius Telecom Infra 175.50
Kama Holdings 2250.30
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