Bajaj Electricals to demerge power T&D business into Bajel Projects

Bajaj Electricals Ltd approved a scheme to demerge its power transmission and distribution business into a separate company, Bajel Projects Ltd, subject to shareholder approval. Shareholders will receive one share in Bajel Projects for each share held in Bajaj Electricals.

“The board of Shekhar Bajaj-led company on Tuesday approved the scheme of arrangement between Bajaj Electricals (the demerged company) and Bajel Projects Ltd (the resulting company) subject to the approval of shareholders.”energy.economictimes.indiatimes.com

• 1 source
• energy.economictimes.indiatimes.comBajaj Electricals to demerge its power T&D business, ETEnergyworldET EnergyWorldFeb 9, 2022

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