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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BAL would now file a petition before the Bombay High Court seeking approval for the demerger process. Get instant notifications from Economic Times Allow Not now. Choose your reason below and click on the Report button.
Bajaj Auto demerger approved – The Economic Times
Get instant notifications from Sche,e Times Allow Not now. Foul language Slanderous Inciting hatred against a certain community Others. 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.
Bajaj Auto demerger approved
Bajaj Auto Ltd BAL at its Board meeting held on May 17, decided to demerge its undertakings into three separate entities as under: The effective date of the demerger is February 20, The share capital of the three Companies post demerger, after allotment of shares as above would be as under: The two new companies would be able to tap on an arm’s length basis into the cash pool of the investment company to support future growth initiatives, if required. The provisions of the scheme would be applicable and bajan into operations from the closing hours of March 31,but the demerger process is likely to be completed by the end deemrger calendar Never miss a great news story!
This will alert our moderators to take action. Choose your reason below and click on the Report button. ForBAL reported a 10 per cent growth in the net profit at Rs. Kantikumar R Podar – Shri.
J N Godrej – Smt. Rahul Bajaj, Chairman – Shri.
Bajaj Auto Board approves demerger scheme
The demerger reinforces the commitment of Bajaj Auto Ltd group to the businesses of the resulting Companies. The demerger process of Bajaj Auto Ltd BALthe country’s second-biggest motorcycle maker, has reached the last leg with its shareholders and unsecured demerver approving the move at a meeting on Saturday.
Drag according to your convenience. Bajaj Finserv would have an authorised capital of Rs. Bajaj Auto – Scheme of Arrangement.
This will alert our moderators to take action Name Reason for reporting: My Saved Articles Sign in Sign up. Sanjiv Bajaj become Non-executive Directors. Earlier this May, the company’s board approved a demerger demerver with restrospective effect from March September 28, The demerger of 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, Rajiv Bajaj – Shri.
Suman Kirloskar – Shri.
My Saved Articles Sign in Sign up. NIFTY 50 10, 2. Fill in your details: Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. D J Balaji Rao – Shri. S H Khan – Shri.
Listing of bajja of the two new Companies, i. The much talked about demerger has finally happened. The new Board with twelve additional directors is as under: