BAL to BHIL
Pursuant to the Scheme, Bajaj Auto Ltd is re-named as Bajaj Holdings & Investment Ltd. New F&O contracts is to be introduced today; futures lot size of 250 shares, options strike priced between Rs 20-2700.
It goes ex-demerger (goes into ND period; out on Mar 24). Auto stock will re-list later ((Technically Bajaj Auto is delisting and Holdings arm is listing).
Bajaj Auto has fixed March 25, 2008 as record date for determining the shareholders of the Company, who would be eligible to receive shares of Bajaj Auto Ltd (new) and Bajaj Finserv Ltd in the ratio of 1:1.
The Hon'ble High Court of Judicature at Bombay has sanctioned the Scheme Arrangement between Bajaj Auto Ltd, Bajaj Holdings & Investment Ltd and Bajaj Finserv Ltd and its respective shareholders and creditors. This marks the successful completion of the demerger process, which was initiated by the Company with the Board approval on May 17, 2007. The demerger reinforces the commitment of Bajaj Auto Ltd group to the businesses of the resulting Companies.
==> Highlights of the Scheme of De-merger :-
(a) Bajaj Auto Ltd (the new name of Bajaj Holdings & Investment Ltd under the scheme) to focus on auto business.
(b) Bajaj Finserv Ltd (BFS) to focus on wind energy generation, insurance, consumer finance, financial products distribution business and new initiatives in financial services space and
(c) Bajaj Holdings & Investment Ltd (the new name of Bajaj Auto Ltd under the scheme) will function primarily as an investment Company and focus on new business opportunities.
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TVS Flame - Single Spark Technology
After losing the long technical-legal battle with Bajaj over its new bike Flame, TVS is again brining the same bike into production but with a different engine this time.
The earlier CC-VTi engine had two spark plugs and three valves (first-outlet, second-inlet). At low RPM’s only two valves were functional and the third valve (inlet) became functional at high RPM’s. It was this because of the use of two spark plug for its single cylinder configuration, TVS was asked by the Madras High Court to stop selling and producing the 125 cc Flame. According to Bajaj Auto this was an infringement of their patented DTSi (Digital Twin Spark Plug Ignition) technology.
This time the company incorporated a single-spark ignition engine based on controlled combustion variable timing intelligent (CC-VTi) technology.
The engine has been developed and patented by Austria-based AVL and has been licensed to TVS in India. AVL is the world leader in internal combustion engine technology and develops power train systems. It is a leading provider of technology to the global engine and automotive industry.
Its mileage/fuel efficiency is still not clear with different opinions from different people :-
(1). “There would be no difference in terms of efficiency,” Venu Srinivasan, chairman and managing director of TVS, said. --- according to livemint.com(2). Apart from the conversion of twin spark plug technology to single spark plug ignition, everything else would be the same in Flame, Srinivasan said. The new version of Flame will give a standard mileage of 60-65 km per litre. --- according to sify.com
The showroom price for the new Flame has been kept at Rs 46,000.
Now the question is : "Will this spark turn to Flame ? "
The company, on Sunday, also entered the three-wheeler market, dominated by Bajaj, by announcing the launch of a 200cc auto-rickshaw named ‘TVS King’ :-
Venu Srinivasan in the new 3-wheeler "TVS King"
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Planning to buy a new bike ? Buy it Now...
The FM, P Chidambaram sprang a welcome surprise, slashing excise duty on small cars and two wheelers from 16% to 12%, in the Budget 2008.
Two-wheeler maker Hero Honda reduced prices by Rs. 1000 - 2400, though Bajaj said it was working on the retail price cut.
So better select and buy your bike before next elections ;)
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