|
PRESS RELEASE
|
| |
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
-
The equity shares (14,46,83,510 Nos.) of Bajaj Finserv Ltd
(in whom strategic 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., NSE on 26
May 2008.
This is for your information please.
PUNE
23 MAY 2008
|
For Bajaj Holdings & Investment Ltd
( J SRIDHAR )
AUTHORISED SIGNATORY
|
|
|
