Scooters India shares surge on stake sale hopes

Newswire

MUMBAI, Aug 24 (Reuters) - State-run Scooters India Ltd surged nearly 5 percent on Tuesday after sources said that utility vehicles maker Mahindra & Mahindra and three wheeler maker Atul Auto are separately eyeing a controlling stake in the firm. Shares in Scooters, owned 95 percent by the government, opened up 4.74 percent and rose to 4.88 percent at 39.75 rupees, its maximum daily limit. They have risen 36 percent so far in the year, outperforming the broader BSE Auto Index which ...

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