Classic Legends Pvt Ltd, part of Mahindra, acquired UK-based BSA Company.
The purchase price of to GBP 28.33 per share totals around GBP 34 Mill.
BSA is licensing motorcycle brands. Incorporated in the UK, the company has also presence in Japan, Singapore, Malaysia, USA, Mexico and Canada.
Last year, Mahindra had completed the acquisition of 51 per cent stake in Peugeot Motorcycles.