When Shishir Bajaj offloads his shareholding in BAL, the company could move forward but he was taking time and Rahul Bajaj said he did not know how long it would take...three months or three years. He was hopeful of putting the family settlement behind him in the next six to 12 months. Though he indicated that the demerger was not a priority.
Exploring plans post demerger or vertical split of the assets of the company, Rahul Bajaj said it would have to make sense and be something useful to the company. But there were possibilities that Bajaj talked off. When we floated the (demerger) idea, the feedback was positive, Rahul Bajaj said. He said what the investment company would be like was not decided. Becoming a mutual fund, do investments or should the company carry out other activities is not decided. The company would have to make a scheme before going ahead and it will not be in a haphazard manner with half-baked ideas nor will there be any unrelated diversification, he said.