Bajaj Auto to list new companies in April

Bajaj Auto, India's second-largest motorcyle maker, will list two newly formed companies, Bajaj Holding and Investment (BHIL) and Bajaj Finserve (BFL), in April after the company got the go-ahead from the court for the demerger this week.

A release from the company said Bajaj Auto (BAL) will be renamed BHIL. Under the scheme of demerger, every shareholder in BAL would be entitled to get one equity share each in the new companies.

Sanjiv Bajaj will be the managing director of Bajaj Finserve (BFL) while Rahul Bajaj will be the non-executive chairman.