Demerger of Bajaj Group Presented By: MBF Group 5 January 21, Key elements of the Scheme The Auto business of the company. The demerger process of Bajaj Auto Ltd (BAL), the country’s this May, the company’s board approved a demerger scheme with restrospective. The effective date of the demerger is February 20, The board of directors of the erstwhile Bajaj Auto had approved the scheme of.

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To see your saved stories, click on link hightlighted in bold. The new Board is therefore as under: This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others. The board of the company has recommended an unchanged dividend of Rs.

As part of the scheme, Bajaj Holdings and Investment Ltd which would be the new auto company would be renamed as Bajaj Auto Ltd and the existing Bajaj Auto Ltd would be renamed as Bajaj Holdings and Investment Ltd, which would act as the primary investment company.

The demerger will ultimately create three separate entities auto, wind power and financial services and primary investment company. D J Balaji Rao – Shri.

In addition, a total of Rs crore in cash and cash equivalents would be transferred to BFL. Madhur Bajaj – Shri. Earlier this May, the company’s board approved a demerger scheme with restrospective effect from March The company’s gross profit for the year was at Rs.

Drag according to your convenience. The demerger demerer Bajaj Auto Ltd into three separate companies, approved last May, is now complete with Bajaj Auto, the automotive manufacturing company, and Bajaj Finserv, the strategic business undertaking, listing on the stock exchanges on May 26, In addition a total of Rs crore Rs 8 billion in cash and cash equivalents would be transferred to BFL. Rajiv Bajaj is the Managing Director – Shri. Bajaj Auto – Scheme of Arrangement.

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The bajqj will enable the investors to hold separate focused stocks, it said, adding that the demerger would facilitate more transparent benchmarking of the companies with its peers in their respective industries.

Bajaj Auto Board approves demerger scheme

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Rahul Bajaj is the Executive Chairman – Shri. ForBAL reported a 10 per cent growth in bakaj net profit at Rs. Of the four, Shri. The company said in a statement that the scheme of arrangement between Bajaj Auto Ltd, Bajaj Holdings and Investments and Bajaj Finserv was approved by its shareholders denerger unsecured creditors. The provisions of the scheme would be applicable and come into operation from closing hours of March NIFTY 50 10, 2.

Foul language Slanderous Inciting hatred against a certain community Others. Drag according to your convenience. Rajiv Bajaj and Shri. The demerger would create three separate entities with management focus on clearly laid out objectives, pursuant to which the auto company would focus on auto business, the wind demerer and financial services company would focus on wind-energy generation, insurance, consumer finance and new initiatives in financial services space and the primary investment company will focus on new business opportunities.

Considering the growth opportunities in the auto, wind energy, insurance and finance sectors, the board has considered it timely and appropriate to demerge theseactivities into separate entities, each of which can focus on these core businesses and strengthen competencies, the company said.

Fill in your details: The demerger will result in the formation of two subsidiaries Bajaj Holdings and Investment Ltd. The provisions of the scheme would be applicable and come into operations from the closing hours of March 31,but the demerger process is likely to be completed by the end of calendar S H Khan – Shri.

J N Godrej – Smt.

Bajaj Auto Board approves demerger scheme | Business Standard News

My Saved Articles Sign in Sign up. The demerger process, which is subject to statutory and regulatory procedures, is expected to be completed by end of calendar year Highlights of the Scheme of Demerger as well as certain changes made in the composition of the Board of the directors of the three Companies are given in the following paragraphs I Highlights of the Scheme of De-merger Bajaj Auto Ltd BAL formed two wholly owned subsidiaries, viz.

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The share capital of the three Companies as on May 17, was as under: Staff Correspondent Auto, wind power and financial services and primary investment businesses formed Turnover crosses Rs.

Sanjiv Bajaj – Shri. Technicals Technical Chart Visualize Screener. Rahul Bajaj is the Non-Executive Chairman. Under the proposed scheme, effective from March 31, Bajaj Auto Ltd’s various businesses including auto manufacturing and other strategic businesses such as wind energy, insurance and financial services, would be demerged into two newly incorporated subsidiaries — Bajaj Holdings and Investment Ltd BHIL and Bajaj Finserv Ltd BFL.

After the demerger, for each share of Bajaj Auto, the shareholders would continue to hold one share of the company with face value of Rs This is because in addition to existing functions, Mr. The remaining assets and liabilities, including investments in group companies and balance cash and cash equivalents would be retained in the existing BAL. Effective date when the scheme takes effect is February 20,i. Will be displayed Will not be displayed Will be displayed.

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Bajaj Auto board approves company’s split

The demerger reinforces the commitment of Bajaj Auto Ltd group to the businesses of the resulting Companies. Disclaimer Back To Announcements. The demerger process of Bajaj Auto Ltd BALthe country’s second-biggest motorcycle maker, has reached the last leg with its shareholders and unsecured creditors approving the move at a meeting on Saturday.