Rahul Bajaj steps down as Bajaj Finance’s chairman


Rahul Bajaj steps down as Bajaj Finance’s chairman


Rahul Bajaj steps down as Bajaj Finance’s chairman; stock ends 4% lower
The board has appointed Sanjiv Bajaj, currently the Vice Chairman of the Company, as Non-Executive Chairman of the Company with effect from August 1, 2020, in place of Rahul Bajaj.

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 w.e.f. close of business hours on July 31, 2020. “He would, however, continue to serve the Company as a Non-Executive Non-Independent Director,” it said

Business Standard Input

 

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