Wednesday, February 20, 2008

Bombay HC approves Bajaj Auto Demerger

HT 20 Feb 2008 Page 25

the Bombay High court has sanctioned the demerger of Bajaj Auto Ltd.s automobile and financial services businesses into two separate entities. Bajaj Holdings and Investment Ltd would administer the two tahd three wheeler manufacturing business. Bajaj Finserv Ltd. would be responsible for the company's financial services business including insurance and autofinance.

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