Ministry of Heavy Industries, Government of India made an offer to acquire remaining 6.13% stake in Scooters India Limited (BSE:505141) for INR 170 million on May 3, 2023. The offeror intends to delist the company. Transaction is subject to Shareholders, board and Regulatory approvals.

Corporate Professionals Capital Private Limited acted as a manager to the offer. Skyline Financial Services Private Limited acted as registrar to the Ministry of Heavy Industries, Government of India.