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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Shekhar Bajaj – Shri. Rahul Bajaj, Chairman, Bajaj group, announced here at a press conference that there would be no change in the management structure of the company.
Bajaj Auto unveils demerger plan
Get instant notifications from Economic Times Allow Not now. Rajiv Bajaj and Shri. The new Board is as under: Rahul Bajaj, Chairman – Shri. Effective date when the scheme takes effect is February 20,i.
Fill in your details: Rahul Bajaj is the Non-Executive Chairman. Sanjiv Bajaj – Shri. This will alert our moderators to take action.
Foul language Slanderous Inciting hatred against a certain community Others. Rajiv Bajaj – Shri.
Choose your reason below and click on the Report button. Bajaj Auto Ltd BAL at its Board meeting held on May 17, decided to demerge its undertakings into three separate entities as under: Appointed date under the scheme is schemd of April 01, and the scheme would take retrospective effect from that date. In addition a total of Rs crore Rs 8 billion in cash and cash equivalents would be transferred to BFL. To see your saved stories, click on link hightlighted in bold.
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Bajaj Auto board approves company’s split
BAL would now file a petition before the Bombay High Court seeking approval for the demerger process. As part of the scheme, Bajaj Holdings and Investment Ltd. Kantikumar R Podar – Shri. Choose your reason below and click on the Report button. This will alert our moderators to take action Name Reason for reporting: Auto giant Bajaj Auto ‘s board on Thursday approved a demerger scheme, splitting group into three separate entities with the creation of two new companies.
The remaining assets and liabilities, including investments in group companies and balance cash and cash equivalents would be retained in the existing BAL.
Bajaj spins off three separate entities – BUSINESS – The Hindu
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: Your Reason has been Reported to the admin. Listing of shares of the two new Companies, i. II Changes in boards with effect from effective date, i. The company’s gross profit for the year was at Rs.
The board of directors of the erstwhile Bajaj Auto had approved the scheme of demerger at their board meeting on May 17, 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 This is because in addition to existing functions, Mr.
The transaction structure will also enable the new companies to tap into the cash pool of BHIL to support their future growth initiatives even while enabling BHIL to participate in the growth of the auto business and the financial services business.