Bajaj Family Settlement announcement
Mumbai, Date: January 1, 2009
The Bajaj Group which comprises of Rahul, Shekhar, Madhur and Niraj Bajaj and their families is pleased to announce that it has come to an amicable settlement with the Shishir Bajaj Group (SKB Group) under a Family Settlement Agreement on December 21, 2008. The petition filed by SKB Group with the Company Law Board is dismissed as withdrawn on December 31, 2008. With this, all disputes between both sides stand resolved.
The Bajaj Group shareholding in Bajaj Hindustan Ltd and Bajaj Consumer Care is now with the SKB Group. The Promoter shareholding of all other Companies in the Bajaj Group, including that held by the SKB Group, is now with the four brothers of the Bajaj Group. This includes companies like Bajaj Auto Ltd, Bajaj Electricals Ltd, Mukand Ltd, Bajaj FinServ Ltd, Bajaj Holding & Investments Ltd, Hercules Hoist Ltd etc.
RAHUL BAJAJ SHEKHAR BAJAJ MADHUR BAJAJ NIRAJ BAJAJ
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