In a Bajaj Auto board of directors meeting, the issue of demerger of its investment and financial services business did not figure in the deliberations.
The issue of demerger was not discussed in Saturday’s meeting, Bajaj Auto chairman Rahul Bajaj said. He refused to divulge any more details.
He said that before taking up the issue of demerger, stock exchanges would have to be informed at least a week in advance so the issue did not come up at the meeting.
Analysts say the demerger could be decided by the Bajaj Auto board between May and June.