Demerger

  • Wipro to be excluded from NIFTY, shares tank February 14, 2013

    New Delhi: IT major Wipro will be dropped from the National Stock Exchange's benchmark index Nifty from April 1 as its non-IT businesses are hived off into a separate unit. "A corporate action like our demerger of a listed company would generally result in a short-term withdrawal of the scrip...
  • Biggest dampner in Bajaj Auto demerger June 26, 2007

    New Delhi: Auto giant Bajaj Auto Board on Thursday approved a demerger scheme, splitting the group into three separate entities with the creation of two new companies. As per the scheme, Bajaj Auto's various businesses would be demerged into two newly incorporated subsidiaries - Bajaj Holdings and Investment (BHIL) and...
  • Bajaj Auto unveils demerger plan June 26, 2007

    Mumbai: Ending months of speculation over a possible split of the Bajaj Auto empire, the company's board on Thursday approved a scheme to demerge its non-auto business from the flagship company and create a holding company for the two. Announcing the plans, Bajaj Auto Chairman Rahul Bajaj said the move to...
  • Bajaj demerger just 'division of work' June 20, 2007

    New Delhi: The Bajaj brothers on Tuesday tried to play down reports on an imminent demerger of the company, saying the areas of specialisation of the two brothers are different and hence it's simply division of work. There have been reports that Bajaj Auto is being carved into automobile and finance...
  • Bajaj empire heading towards split June 20, 2007

    New Delhi: The Bajaj empire is heading towards a split. Two-wheeler giant Bajaj Auto has let the word out that a demerger plan is afoot in the company to carve the group into two separate entities, auto and finance, to be headed by group chief Rahul Bajaj's two sons Rajiv...