Maharashtra Scooters Limited (MSL) disclosed the acquisition of additional shares in two related entities: Bajaj Finance Ltd and Bajaj Auto Ltd, on March 27, 2026. MSL acquired a cumulative stake of 3.0576% in Bajaj Finance for ₹94.71 Crore and a cumulative stake of 2.4787% in Bajaj Auto for ₹124.50 Crore. MSL stated these transactions were conducted in the ordinary course of its business through the secondary market.
Disclosure of Share Acquisitions
Maharashtra Scooters Limited (MSL) has released details regarding the acquisition of equity shares in two key entities on March 27, 2026. These transactions were undertaken via the secondary market, consistent with MSL’s operations as an unregistered core investment company.
Acquisition Details: Bajaj Finance Ltd
The acquisition in BAJAJ FINANCE LTD resulted in a purchase price of Rs. 23.07 Crore on the date of acquisition alone. Cumulatively, the total cost of acquisition up to this date reached Rs. 94.71 Crore. This led to an increase in shareholding by 0.0043% on the transaction date, bringing the cumulative shareholding to 3.0576% of the target entity.
Acquisition Details: Bajaj Auto Ltd
For BAJAJ AUTO LTD, the cost of acquisition on the specific date was Rs. 12.03 Crore. The cumulative expenditure for shares acquired up to this date totals Rs. 124.50 Crore. The resulting shareholding increase was 0.0048% on the date of the transaction, pushing the total cumulative shareholding to 2.4787% in Bajaj Auto.
Transaction Context
The company confirmed that neither acquisition constitutes a related party transaction requiring special disclosures regarding promoter interest. Furthermore, the transactions were carried out in the ordinary course of MSL’s business through the secondary market, implying no change in the core objects or impact outside of standard investment activities.
Source: BSE
