May 5, 2020 posted by

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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Effective date when the scheme takes effect is February 20,i.

The demerger 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.

Auto giant Bajaj Auto ‘s board on Thursday approved a demerger scheme, splitting group into three scneme entities with the creation of two new companies. The auto business of the company along with all assets and liabilities, including investments in PT Bajaj Auto Indonesia and in a few vendor companies, would schmee transferred to BHIL.

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Bajaj Auto demerger approved

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 bjaaj focus on these core businesses and strengthen competencies, the company said. The company is now involved in five core activities that include two and three-wheeler manufacturing, wind energy through its wind power project, insurance business through its joint ventures Bajaj Allianz Life Insurance Company Ltd.

The scheme, approved by the board, is subject to approvals as may be required including that of the stock exchanges, Bombay High Court, and shareholders of the company. Listing of shares of the two new Companies, i.


Bajaj Auto Board approves demerger scheme | Business Standard News

Nanoo Pamnani – Shri. Shekhar Bajaj – Shri.

The demerger schemw 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 power and financial services company would scheke 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. September 28, The effective ajto of the demerger is February 20, Staff Correspondent Auto, wind power and financial services and primary investment businesses formed Turnover crosses Rs.

ForBAL reported a 10 per cent growth in the net profit at Rs. Never miss a great news story! II Changes in boards with effect from effective date, i. Suman Kirloskar – Shri. The demerger process, which is subject to statutory and regulatory procedures, is expected to be completed by end of calendar year S H Khan – 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.

The company’s gross profit for the year was at Rs. Technicals Technical Chart Visualize Screener. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. Rajiv Bajaj and Shri.

The new Board with twelve additional directors is as under: Choose your reason below and click on the Report button. 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.

Sanjiv Bajaj is responsible for Bajaj FinServ, which will not have much activity in the first couple of years,” he said. Sanjiv Bajaj become Non-executive Directors.


Drag according to your convenience. In addition, a total of Rs crore in cash and cash equivalents would be transferred to BFL.

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 Bajaj Auto – Scheme of Arrangement.

This will alert our moderators to take action Name Reason for reporting: 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. Get instant notifications from Economic Times Allow Not now.

Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.

This is because in addition to existing functions, Mr. Bajaj Auto Ltd BAL at its Board meeting held on May 17, decided to demerge its undertakings into three separate entities as under: My Saved Articles Sign in Sign up. Record date to decide the entitlement of shares is March 25,based on the effective date and as per stock exchange requirements. Your Reason has been Reported to the admin.

Rahul Bajaj is the Non-Executive Chairman. Bajaj Auto, a leading two and three-wheeler manufacturer with global scale of operations, announced a demerger scheme at its board meeting on Thursday. This will alert our moderators to take action.