Bajaj Holdings & Investment Limited [(BHIL) erstwhile Bajaj Auto Limited ] was de-merged as per Order dated 18 December 2007 of the Honarble Bombay High Court, whereby its manufacturing undertaking has been transferred to the new Bajaj Auto Limited (BAL) and its strategic business undertaking consisting of wind farm business and financial services business has been vested with Bajaj Finserv Limited (BFS). All the businesses and all properties, assets, investments.
Post-demerger, BHIL holds more than 30% shares each in BAL and BFS. Going forward, BHIL will focus on new business opportunities. BAL and BFS will be able to tap (on an arms length basis) into BHILs cash pool to support future growth opportunities. BHIL by having 30% stake in both BAL and BFS will benefit from the future growth of these companies.
BHIL has been registered as a Non-Banking Financial Company (NBFC) under the Registration No. N-13.01952 dated 29 October 2009 with Reserve Bank of India (RBI). The Company is classified as a Systemically Important Non-deposit taking NBFC as per RBI Regulations.