Bajaj Auto hopes to complete MSL takeover by June-end

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New Delhi, March 10: Bajaj Auto expects to gain control of Maharashtra Scooters Ltd (MSL) by end-June, chairman Rahul Bajaj said on Thursday.

Arvind Sawant, a retired judge of the Kerala High court, has been appointed as arbitrator and he will decide the sales price by May, he added. However, a merger between the two companies is unlikely after Bajaj completes the acquisiton, he indicated.

Bajaj Auto, which has a 25% stake in Maharashtra Scooters, is looking at buying an additional 27% to acquire management control of the latter. Maharashrta Scooters currently has a capacity of 150,000 units.

This will take Bajaj Auto’s total capacity of 25.2 lakh units to 26.7 lakh units and should result in gains from integration of operations / synergies, analysts said.

...finalises Indonesian joint venture partner

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New Delhi, March 10: Even as Bajaj Auto chairman Rahul Bajaj indicated to reporters in Delhi that the company would finalise its minority Indonesian joint venture partner in the next 4-5 months, the Jakarta Post cited Bajaj Auto representative Dharmesh Banerjee... More from Front Page Corporate notes Competition among branded snacks gets spicier Short covering in derivatives helps Sensex gain 68 points TCS eyes 25% share of banks’ IT spend Buzz over counter-bid for Lyondell ...to focus on small buys Infy to hire 20,000 people in FY11 Corporate notes Single Page Format 1 - 2 - Next Discuss this story on expressindia forums Post Comments Comments: (Limit 3,000 characters) Name Message Email ID Subject TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s). I agree to the terms of use. Comments Most Read Most Read Most Emailed Most Emailed   No special favour to Satyam: Khurshid Oil shock absorber costs Saudi Arabia $1 billion a year Tata Steel Q2 consolidated net loss at Rs 2,719-cr MCC launches pre-wedding makeover packages More Brains at work to trace human evolution by 2013 More Flowers & Cakes DeliveryExpress Classifieds Post and view free classifieds adExpress Astrology Know what's in the stars for you Home Print Edition Latest News Stocks epapersArchives Subscribe Company Info FinancialExpress web   About Us | Contact Us | Advertisers | Site Map | Make us your homepage | Work for Us | RSS | Subscribe | Electronic Edition | Privacy Policy © 2009: The Indian Express Limited. All rights reserved throughout the world