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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Bajaj Auto unveils demerger plan
Appointed date under the scheme is beginning of April 01, and the scheme would take retrospective effect from that date. The new Board is therefore as under: Get instant notifications from Economic Times Allow Not now.
The demerger process, which is subject to statutory and regulatory procedures, is expected to be completed by end of calendar year 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 autoo participate in the growth of the auto business and the financial services business. The much talked about demerger has finally happened. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
Bajaj Auto Ltd BAL at its Board meeting held on May 17, decided to demerge its undertakings into three separate entities as under: Earlier this May, the company’s board approved a demerger scheme with restrospective effect from March The vajaj 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.
Madhur Bajaj – Shri.
Bajaj Auto demerger approved – The Economic Times
Choose your reason below and click on the Report button. 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 Demergerr 10 face value and one BFL share of Rs 5 face value. S H Khan – Shri. 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 NIFTY 50 10, 2.
In addition, a total of Rs crore in cash and cash equivalents would be transferred to BFL. My Saved Articles Sign in Sign up.
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 can focus on these core businesses and strengthen competencies, the company said. Never miss a great news story!
Bajaj Auto demerger approved
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. BAL has subscribed to Your Reason has been Reported to the admin. Will be displayed Will not be displayed Will autl displayed.
Nanoo Pamnani – Shri. Your Reason has been Reported to the admin. 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.
Kantikumar R Podar – Shri.
Bajaj Auto Board approves demerger scheme | Business Standard News
Never miss a great news story! The board of the company has recommended an unchanged dividend of Rs. This is because in addition to existing functions, Mr. In addition a total of Rs crore Rs 8 billion in cash and cash autoo would be transferred to BFL.
After the issue of new shares, the existing shareholders of BAL would hold about 70 per denerger shares in the new companies in the same ratio as their current holding, with the remaining about 30 per cent being held by Bajaj Holdings and Investment Ltd.
All shareholders in 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 1: September 28, Rahul Baja is the Non-Executive Chairman.
Rajiv Bajaj – Shri. Disclaimer Back To Announcements. Fill in your details: