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Saturday, 9 October 2010

Bajaj Holdings-Sitting on a Cash reserve of Rs.23,000 Crore

The Bajaj Group is sitting on a cash reserve of Rs 29,000 crore, its patriarch, Mr Rahul Bajaj, said on Saturday.
“The Bajaj Group is sitting on a cash reserve of Rs 29,000 crore. We are a conservative company when it comes to spending money, but we are happy with it,” its patriarch and member of the Rajya Sabha, Mr Rahul Bajaj, told reporters at an event held at th e Indian Merchants’ Chamber (IMC) here.
Of this Rs 29,000 crore, Bajaj Holding company has a cash reserve of Rs 23,000 crore, Mr Bajaj Auto Rs 5-6 crore and Bajaj Finserv Rs 2,000 crore.Click on the link below to access the full report.


http://www.thehindubusinessline.com/businessline/blnus/02091520.htm

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