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Bajaj Demerger

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Bajaj Demerger
Focus on core competencies – Bajaj Auto
Pre - Demerger structure
Promoter Group

30%

Public

68%

Bajaj Auto
0.05%

Public

Allianz
49%

Allianz

Allianz

100%
24%

74%

Maharashtra
Scooters

Bajaj Auto
Holdings

50%

26%

Allianz Bajaj Life
Insurance Company

5%

Page 7

50%
Bajaj Auto
Finance

Bajaj Allianz
General
Insurance Co

Bajaj Allianz
Financial
Distributors

Public

38%

74%

50%

Public
6%

95%
PT Bajaj Auto
Indonesia

9%
Bajaj
Hindustan

Unlocking Value through - Demerger and Slump Sale

57%

4%
ICICI Bank

26%

Focus on core competencies – Bajaj Auto
Split Mechanics

Bajaj Auto incorporated two wholly owned subsidiaries & pre capitalized them to the extent required:
►

Bajaj Holdings and Investment - Rs 43.5 cr (4.35 cr shares @ Rs 10)

►

Bajaj Finserv - Rs 21.75 cr (4.35 cr shares @ Rs 5)

Bajaj Auto demerged identified businesses in the following manner:
Bajaj Holdings and Investment

Bajaj Finserve

►

2-wheeler and 3-wheeler business

►

Wind power business

►

Investment in PT Bajaj Auto Indonesia

►

Investment in Bajaj Auto Finance Limited

►

Cash

►

Investment in insurance business

►

Cash

Bajaj Auto retained remaining assets and liabilities, investments and balance cash and cash equivalents
Scheme of arrangement provided for:
►

Issuance of shares to the share holders of Bajaj Auto in the ratio of 1:1

►

Such that post demerger, Bajaj Auto continue to hold 30% stake in respective companies with balance being held by shareholders of Bajaj Auto in proportion of their holding

►

Bajaj Auto to be renamed Bajaj Holdings and Investment Ltd ‘BHIL (New)’

►

Bajaj Holdings and Investment Ltd to be renamed Bajaj Auto Ltd ‘BAL (New)’

Page 8

Unlocking Value through - Demerger and Slump Sale

Focus on core competencies – Bajaj Auto
Post restructuring

Promoter Group

Public
30%

68%
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