Rajiv Bajaj reappointed as Bajaj Auto MD & CEO

Abhinav Bindra has been reappointed as a non-executive independent director.

Bajaj Auto’s Board of Directors has approved the reappointment of Rajiv Bajaj as the company’s MD and CEO for another 5-year term.

The board has also reappointed Abhinav Bindra as a non-executive independent director of the company for a second 5-year term. The reappointments are based on the recommendations of the Nomination and Remuneration Committee and will be subject to shareholder approval.

The company’s Board of Directors has also approved an additional capital infusion of up to Rs 1,500 crore into Bajaj Auto Credit Ltd. The investment will be made in the form of equity capital, preference capital, or subordinate debt during FY2025-26.

Source: CNBCTV18