# 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.

- Type: Acquisition
- Announced: 2022-02-09
- Where: India
- Status: announced
- Products: power transmission and distribution equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Bajaj Electricals](https://endata.com/companies/26386.md)
- [Bajel Projects](https://endata.com/companies/60924.md) (target)

## Sources

- [energy.economictimes.indiatimes.com](https://energy.economictimes.indiatimes.com/news/power/bajaj-electricals-to-demerge-its-power-td-business/89449682), 2022-02-09: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.