Niraj Bajaj, presently a director on the corporate’s board will take over as the non-executive chairman.
has made a huge contribution to the success of the company and the group over the last five decades,” learn a inventory alternate discover from Bajaj Auto.
“Considering his tremendous experience and in the interest of the company and to continue to benefit from his experience, knowledge and wisdom from time to time in an advisory role and as a mentor, the board of directors at its meeting held today … approved the appointment of Shri Rahul Bajaj as Chairman Emeritus of the Company for a term of five years with effect from 1 May 2021,” the be aware learn.
Bajaj Auto additionally declared a dividend of Rs 140 per share on Thursday. The whole pay-out in the direction of dividend for the 12 months FY21 would quantity to Rs 4,051 crore, about 90% of the standalone revenue for the 12 months.
The inventory of Bajaj Auto closed at Rs 3,834.25 per share on the BSE on Thursday, down 1.44%. The announcement got here after market hours.
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