Bajaj Holdings & Investment Limited — Important, 21-02-2025: General Updates

Maharashtra Scooters Limited has initiated the closure of its factory located at C-1, MIDC, Satara, citing non-viability of manufacturing operations. The Board approved the transfer of leasehold rights for approximately 50 acres of land along with the sale of machinery and spares, with a total transaction value of ₹72.92 crore. Specifically, the leasehold rights will be transferred for ₹54.50 crore, and the machinery sale will contribute ₹18.42 crore. This transaction is expected to be finalized by March 31, 2025, pending necessary conditions and approvals. The buyer, Urbanedge Indospaces LLP, is not affiliated with the promoter group. This strategic move may provide Maharashtra Scooters with liquidity while also marking a shift in operational focus. Investors should watch closely for potential implications on future business strategies and overall market position.