Bajaj Final

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Bajaj Auto Ltd. The Bajaj Group is amongst the top 10 business houses in India. Its footprint stretches over a wide range of industries, spanning automobiles (two-wheelers and three-wheelers), home appliances, lighting, iron and steel, insurance, travel and finance. The group's flagship company, Bajaj Auto, is ranked as the world's fourth largest two- and three- wheeler manufacturer and the Bajaj brand is well-known across several countries in Latin America, Africa, Middle East, South and South East Asia. Founded in 1926, at the height of India's movement for independence from the British, the group has an illustrious history. The integrity, dedication, resourcefulness and determination to succeed which are characteristic of the group…show more content…
"It is all nonsense (family feud)... the work is divided and the ownership between four brothers and two sons remains the same," he said. As per the proposal, Bajaj Group's auto business will be demerged into a new subsidiary Bajaj Holdings and Investment Ltd (BHIL) and other strategic businesses such as wind energy, insurance and financial services would be demerged into another new entity Bajaj Finserv Ltd (BFL). Bajaj Auto 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. The demerger would be completed this year. Rebuffing suggestions that the move was to spilt the group, he said: "I will be the chairman of all the three companies. It is not a split of Bajaj Auto. Out of Rs 8,500 crore cash and cash equivalents, Rs 1,500 cr will go to the new Bajaj Auto and Rs 800 crore will be transferred to BFL. The balance Rs 6,000 crore will remain with the BHIL," Bajaj said. The transaction will enable the new companies to tap into the cash pool of BHIL to support future growth, while enabling BHIL to participate in the growth of the auto business and the financial services business. Ruling out any change in management structure of the group, Rahul Bajaj said: "There is generally no change in the management structure." Rajiv Bajaj would
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