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Article: Demerger not a split to accommodate sons: Rahul Bajaj.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- May 17, 2007
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Demerger not a split to accommodate sons: Rahul Bajaj
New Delhi, May 17 (PTI) Bajaj Group chief Rahul Bajaj today said he will continue to head the boards of Bajaj Auto as well as two new entities created from the demerger of flagship company, while rebuffing suggestions that the move was to spilt the group.
"I will be the chairman of all the three companies. It is not a split of Bajaj Auto," Bajaj told PTI from Mumbai over telephone.
He said his younger son Sanjiv will continue to be the Executive Director in Bajaj Auto, the manufacturing arm, virtually debunking reports that the demerger was to create ...