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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S H Khan – Shri.
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 would also be allotted one BHIL share of Rs 10 face value and one BFL share of Rs 5 face value. 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 Kantikumar R Podar – Shri. 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 be transferred to BHIL.
The company’s gross profit for the year was at Rs.
Bajaj spins off three separate entities – BUSINESS – The Hindu
My Saved Articles Sign in Sign up. Ddmerger Auto Ltd BAL at its Board meeting held on May 17, decided to demerge its undertakings into three separate entities as under: The provisions of the scheme would be applicable and come into operation from closing hours of March The board demerrger the company has recommended an unchanged dividend of Rs. Fill in your details: Listing of shares of the two new Companies, i.
The share capital of the three Companies as on May 17, was as under: All shareholders in existing BAL on the record date would become shareholders in each of the new companies and would be issued shares schme the two new companies in the ratio 1: September 28, Staff Correspondent Auto, wind power and financial services and primary investment businesses formed Turnover crosses Rs.
Rahul Bajaj, Chairman – Shri.
This will alert our moderators to take action Name Reason for reporting: The remaining assets and schems including investments in group companies and balance cash and cash equivalents would be retained in the existing BAL.
This will alert our moderators to take action Name Reason for reporting: Your Reason has been Reported to the admin. To see your saved stories, click on link hightlighted in bold. Shekhar Bajaj – Shri. Choose your reason below and click on the Report button. 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. NIFTY 50 10, 2.
Naresh Chandra and – Shri.
Sanjiv Bajaj is responsible for Bajaj FinServ, which will not have much activity in the first couple of years,” he said. Get instant notifications from Economic Times Allow Not now. Auto giant Bajau Auto ‘s board on Thursday approved a demerger scheme, splitting group into three separate entities with the creation of two new companies.
Find this comment offensive? Madhur Bajaj – Shri. P Murari Four existing directors take up executive positions as under; – Shri.
Bajaj Auto unveils demerger plan – News18
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 Record date to decide the entitlement of shares is March 25,based on the effective date and as per stock exchange requirements. The demerger would create three separate entities with schrme 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 focus on wind-energy generation, insurance, consumer schemme and new initiatives in financial services space and the primary investment company will focus on new business opportunities.
BAL has subscribed to Rajiv Bajaj – Shri. Will be displayed Will not be displayed Will be displayed. BAL would now file a petition before the Bombay High Court seeking approval for the demerger process.
Bajaj spins off three separate entities
Rahul Bajaj is the Non-Executive Chairman. The share capital of the three Companies post demerger, after allotment of shares as above would be as under: Sanjiv Bajaj – Shri. Drag according to your convenience. Suman Kirloskar – Xemerger.
Bajaj Auto demerger is complete
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