Maharashtra Scooters Limited (MSL) disclosed the acquisition of shares in two related entities, BAJAJ FINANCE LTD and BAJAJ AUTO LTD, effective March 25, 2026. The total cumulative cost for the acquisitions stands at ₹71.65 Crore for Bajaj Finance and ₹112.46 Crore for Bajaj Auto. MSL, functioning as an unregistered core investment company, confirmed these transactions occurred in the ordinary course of business through the secondary market.
MSL Discloses Share Acquisitions
Maharashtra Scooters Limited (MSL) has formally notified the stock exchanges regarding its recent purchases of equity shares in two associated companies. These disclosures cover transactions dated 25 MARCH 2026. The management has confirmed that these acquisitions do not constitute related party transactions, and the purchases were executed at arm’s length.
Acquisition Details: BAJAJ FINANCE LTD
The investment in BAJAJ FINANCE LTD represents an acquisition where the cumulative cost up to the date of acquisition reached Rs. 71.65 Crore. The cumulative percentage of shareholding acquired amounts to 3.0533% of the target entity’s shares. The acquisition’s stated objective is in line with MSL’s operations, as it functions as an unregistered core investment company, making the purchase in the ordinary course of its business via the secondary market.
Acquisition Details: BAJAJ AUTO LTD
Simultaneously, MSL reported acquiring shares in BAJAJ AUTO LTD. The cumulative cost for this investment totaled Rs. 112.46 Crore. This transaction resulted in a cumulative increase in shareholding to 2.4738%. Similar to the other transaction, the rationale for acquiring shares in Bajaj Auto is noted as being consistent with MSL’s core investment activities and conducted in the normal secondary market operations.
Transaction Summary
For BAJAJ FINANCE LTD, the cost on the date of acquisition was Rs. 21.58 Crore, resulting in a minimal incremental holding of 0.0039% on that specific day. For BAJAJ AUTO LTD, the acquisition cost on the date of the transaction was Rs. 31.87 Crore, corresponding to an acquisition of 0.0125% on that day.
Source: BSE
