Statement of Profit and Loss
Note_29
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29 Exceptional items |
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(₹ In Crore) |
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Particulars |
For the year ended 31 March |
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2023 |
2022 |
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PSI scheme |
– |
(315.28) |
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Gain on fair valuation of investment |
– |
(501.23) |
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– |
(816.51) |
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PSI scheme: This is amount receivable from State Government of Maharashtra under Package Scheme of Incentive 2007 (PSI), for the period April 2015 to March 2021.
Gain on fair valuation of investment: Bajaj Auto International Holdings BV (BAIHBV), a 100% subsidiary of the parent Company, held 47.99% stake in KTM AG. BAIHBV, as on 29 September 2021, swapped 46.50% stake in KTM AG for 49.90% stake in Pierer Bajaj AG. The resultant gain in fair value of ₹ 501.23 crore is shown as an exceptional item.