New Delhi: The government wants to package the Lambretta brand along with other assets of Scooters India LtdBSE 2.13 % as it embarks on a strategic sale but it may need a bit of diplomatic help to achieve that end.
“We are going to ensure that the brand Lambretta stays with Scooters India,” a government official said. That’s expected to maximise valuation. The government has already initiated a cabinet note to sell its 93.74% stake in the company. Heavy industries minister Anant Geete has said the modalities will be soon worked out. “If we go for strategic sale, the new owner will like to have the brand,” said the official cited above, adding that’s why the government was pushing for an early resolution. But… […]
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