RSS Feed (xml)

Powered By

Skin Design:
Free Blogger Skins

Powered by Blogger

Friday, May 11, 2007

Demerger on Bajaj Auto

Bajaj Auto, the No. 2 two wheeler maker of the country, today informed the Bombay Stock Exchange that its board would meet on May 17 to consider spilliting the bussiness. The proposed demerger could spilt the company's auto and financial bussiness into separate entities. The value of Bajaj Auto investment portfolio is over Rs 6,000.
A demerger would benefit shareholders given the company's huge treasury operations.
Bajaj had then said there was a plan to form two companies- that would concentrate on manufacturing and other, a separate investment company. The demerged company will hold shares of other subsidiaries such as Bajaj Allianz Life Insuarance Company and Bajaj Allianz General Insuarance Company.

No comments: