Bajaj Auto to demerge
Last Updated : May 17 2007 | 12:00 AM IST
<b>Bajaj Auto to demerge</b><br><br>
The board of directors of Bajaj Auto today approved the scheme for demerger of the businesses of the company by incorporating two subsidiaries - Bajaj Holdings and Investments and Bajaj Finserv.<br><br>
According to a release issued by Bajaj Auto to the BSE today, the two and three wheeler manufacturing undertaking will remain under Bajaj Holdings, and strategic businesses, including Bajaj Allianz Life Insurance Company and Bajaj Allianz General Insurance Company conducted by Bajaj Auto Finance, will be under Bajaj Finserv.