Did an analysis of Bajaj Group companies and their holding structure.
The spreadsheet is updated dynamically based on market price.
Maharashtra scooters is available at around 80% discount and Bajaj Holding at 57%
There is a lot of cross holding between the group companies.
The listed ones that are studied
- Maharashtra Scooters
- Bajaj Auto Ltd.
- Bajaj Finance Ltd.
- Bajaj Finserv Ltd
- Bajaj Holdings & Investment Ltd.
Also a few listed/ unlisted ones which i have not done indepth studies of currently. But will try to update the spreadsheet soon or if any fellow boarder can help with that.
- Bajaj Auto Holdings Ltd.
- Bajaj Allianz
- Bajaj Electricals Ltd
- Mukand Ltd.
- Hercules Hoists Ltd.
So with layers of discounting - bajaj hoilding itself holds around 50% of Maharashtra scooters the value of the underlying assets is deeper than it looks on the surface…
As of today it looks like this.
You can see the spreadsheet here and ping me if you want to help contribute in making the analysis more sound.