Bajaj Electricals Ltd has announced that the Board of Directors of Bajaj electricals Limited (“BEL” or “Transferee Company”) has at its meeting held on November 23, 2015 have inter alia, considered and approved the proposal for demerger of manufacturing business of Hind Lamps Limited (“HLL” or “Transferor Company”) into BEL, pursuant to a Scheme of Arrangement (“Scheme”) placed before the Board.
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