Rahul Bajaj steps down as Chairman of Bajaj Finance
PTI, Jul 21, 2020, 3:52 PM IST
Image Posted on Official Website
New Delhi: Noted industrialist Rahul Bajaj will step down as Non-Executive Chairman of Bajaj Finance on July 31, after being at the helm of the company for over three decades.
He will be succeeded by Sanjiv Bajaj, currently Vice Chairman, the Bajaj Finance said in a regulatory filing on Tuesday.
“Rahul Bajaj, Non-Executive Chairman of the company, having been at the helm of the company since its inception in 1987 and the group for over five decades, as part of succession planning, has decided to demit the office as chairman of the board with effect from close of business hours on July 31, 2020,” the company said.
Rahul Bajaj, however, will continue to serve the company as a non-executive non-independent director.
The company”s board “has approved the appointment of Sanjiv Bajaj as Non-Executive Chairman of the company with effect from August 1, 2020, in place of Rahul Bajaj, the filing said.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Reliance Industries stock tumbles over 7 pc; ONGC tanks more than 13 pc
RBI ask banks to test note sorting machines on quarterly basis
India’s manufacturing sector activity eases to 9-month low in Jun amid price pressure
Bajaj Auto sales at 3,47,004 units in June
Govt hikes gold import duty to 15 pc
MUST WATCH
Latest Additions
MS Dhoni gets treatment for knee pain in Ranchi village, doctor sits under a tree
Bengaluru: Woman from Brahmavar ends life after killing her daughter
Good rainfall: Cropping activity picks up in twin districts
12 US lawmakers urge Biden to hold India accountable in WTO for its ‘trade-distorting practices’
D K Shivakumar planned criminal conspiracy with aides to hide cash: ED