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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Earlier this May, the company’s board approved a demerger scheme with restrospective effect from March 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 Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. Rajiv Bajaj is the Managing Director – Shri. II Changes in boards with effect from effective date, i.
Effective date when the scheme takes effect is February 20,i. Disclaimer Back To Announcements. The company, which also has presence in wind energy, insurance and finance sectors, has considered it timely and appropriate to demerge these activities into separate entities, each of which can focus on these core businesses and strengthen competencies. Rahul Bajaj, Chairman – Shri. 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.
My Saved Articles Sign in Sign up. Fill in your details: Madhur Bajaj – Shri.
In addition, a total of Rs crore in cash and cash equivalents would be transferred to BFL. BAL would now file a petition before the Bombay High Court seeking approval for the demerger process. Never miss a great news story! Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.
Bajaj spins off three separate entities
Listing of shares of the two new Companies, i. Will be displayed Will not be displayed Will be displayed. The company’s gross profit for the year was at Rs.
Sanjiv Bajaj become Non-executive Directors. P Murari Four existing directors take up executive positions as under; – Shri. The much talked about demerger has finally happened. The demerger will ultimately create three separate entities auto, wind power and financial services and primary investment company.
The share capital of the three Companies as on May 17, was as under: Never miss a shceme news story! Your Reason has been Reported to the admin. To see your saved stories, click on link hightlighted in bold. Find this comment offensive? Bxjaj 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 and unsecured creditors.
ForBAL reported a 10 per cent growth in the net profit at Rs. Rahul Bajaj takes over as Non-executive Chairman and the remaining three, viz. P Murari The four whole-time directors herein named resign from their executive positions. All shareholders in existing BAL on the record date would become auyo in each of the new companies and would be issued shares of the two new companies in the demfrger 1: NIFTY 50 10, 2.
The new Board is as under: 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 10 and xuto also be allotted one BHIL share of Rs 10 face value and one BFL share of Rs 5 face value.
Bajaj Auto unveils demerger plan – News18
The demerger will result in the formation of two subsidiaries Bajaj Holdings and Investment Ltd. Shekhar Demergef – Shri. Bajaj Auto, a leading two and three-wheeler manufacturer with global scale of operations, announced a demerger scheme at its board meeting on Thursday.
Rajiv Bajaj – Shri. All shareholders in the existing BAL on the record date would become shareholders in each of the new companies and would be issued shares of the two new companies in the ratio of 1: Technicals Technical Chart Visualize Screener. In addition a total of Rs crore Rs 8 billion in cash and cash equivalents would be transferred to BFL. The demerger reinforces the commitment of Bajaj Auto Ltd group to the businesses of the resulting Companies.
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