Maharashtra Scooters Limited (MSL) has announced the acquisition of shares in Bajaj Finance Ltd and Bajaj Auto Ltd, amounting to a total investment of Rs 35.1 crore. This strategic move aligns with MSL’s core investment objectives.
The acquisition of Bajaj Finance shares was completed on 27 March 2026, with MSL investing Rs 23.07 crore on the date of acquisition. The cumulative investment in Bajaj Finance now stands at Rs 94.71 crore, representing a 3.0576% shareholding. On the same date, MSL acquired shares in Bajaj Auto for Rs 12.03 crore, bringing its total investment in the company to Rs 124.50 crore, with a 2.4787% stake.
These acquisitions were executed through the secondary market and do not fall under related party transactions. MSL, being an unregistered core investment company, has made these acquisitions in the ordinary course of its business. There were no governmental or regulatory approvals required for these transactions.
The acquisitions reflect MSL’s ongoing strategy to strengthen its investment portfolio by acquiring stakes in established entities within its investment purview. The transactions were conducted at arm’s length, ensuring compliance with regulatory norms.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).