Scooter India To Be Privatised

By vicky.in

Published: Saturday, February 5, 2011, 11:45 [IST]

The take over sick units in the country"s business sector is nothing new and this time the government of India comes out such an offer. The government as announced that Scooters India is to be privatized with the shares going for public, said the Heavy Industries of the government of India. He said the offer of Scooter India privatisation will be based on proportionate disinvestment and outright sale by which the company"s future can be stabilized.

Scooter India has accrued a loss upto Rs22.03 crore during the last fiscal making the government to think of getting a JV with private companies. In this Scooters India, the government has got 95.38% share the price of which has risen to Rs28.15 on BSE.

Scooter India is involved in designing, developing , manufacturing and marketing with the built in integrated auto plant. The products coming under this company are traditional and non-traditional fuel based three wheelers.

Article Published On: Saturday, February 5, 2011, 11:40 [IST]

Read more on: #automobile #scooter #two wheeler

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