New Delhi, Feb 27 (PTI) Scooters India today said its board has approved to hive off 89.69 acres of its non-core land. Also Read - Monsoon Session Day 2: Lok Sabha Passes Essential Commodities Bill to Raise Farmer Income, Boost Agri Sector | Highlights

Considering the strategic disinvestment process initiated by the government of India, the board at its meeting held on February 26, 2018, has accorded consent to hive off its 89.69 acres of non-core land, Scooters India said in a filing to BSE. Also Read - 'Jammu And Kashmir to Reopen For Tourism Soon', Says J&K Administration

Incorporated in 1972, Scooters India is engaged in designing, developing, manufacturing and marketing a broad spectrum of conventional and non-conventional fuel driven 3-wheelers. Also Read - COVID-19: Centre Announces Guidelines For Unlock 2, Lockdown Till July 31 in Containment Zones

Shares of Scooters India were today trading at Rs 49.95 per scrip in afternoon trade on BSE, up 4.94 per cent from its previous close. PTI AKT AKT ANS ANS

This is published unedited from the PTI feed.