British brand BSA could be set for a comeback after being snapped up by Indian car and bike giant Mahindra – who are perhaps best known to MCN readers for their involvement in Moto3.
Mahindra certainly look like they mean business, having paid £3.4 million for 100% of the shares in BSA through subsidiary company Classic Legends Pvt Ltd (CLPL).
CLPL purchased 120,000 shares of BSA at £28.33 per share and in a statement to the stock market Mahindra commented: “CLPL, a subsidiary of the Company, has on October 21, 2016 acquired 100% of the share capital of BSA Company Limited.”
It's not yet known what the new owners plan for the historic marque although the move gives them the right to produce and sell bikes under the BSA banner.
Last year, Mahindra bought a majority 51% stake in Peugeot Motorcycles.
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