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The process of demerger of erstwhile Bajaj Auto Ltd (BAL), which was approved by the board of directors of the company on 17 May 2007 has now been completed with all approvals being obtained, including that of Bombay High Court and SEBI.
Pursuant to the Scheme of Arrangement of Demerger, Bajaj Holdings & Investments Ltd (BHIL, erstwhile BAL) was demerged into three undertakings with effect from the effective date, viz. 20 February 2008.
It is now hereby informed that :-
The equity shares (14,46,83,510 Nos.) of Bajaj Auto Ltd (in whom manufacturing business undertaking has been vested) will be listed and permitted for trading on Bombay Stock Exchange and National Stock Exchange with effect from Monday, 26 May 2008. The listing ceremony is scheduled to take place at the designated Stock Exchange, i.e., BSE on 26 May 2008; and
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