Announced Wed, 29 Apr · 17:01 IST
Bajaj Finance re-appoints Pramit Jhaveri as Independent Director for 5 years
Management Changes View source PDF
BAJFINANCE · price
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Price reaction · full curve 14 horizons · vs prior close
+1.8%1-day move
₹932.80
prior close
₹945.00
base price
After-mkt
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+2.1+3.1+1.4+2.5+1.8+2.9+5.2+4.4+2.3-2.8-1.7-4.6+7.9—
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AI summary
Bajaj Finance's Board approved the re-appointment of Pramit Jhaveri as a Non-executive Independent Director for a second term of 5 years (August 1, 2026 to July 31, 2031), subject to shareholder approval via special resolution. Jhaveri, former CEO of Citibank India (2010-2019) with 32 years in banking, is not debarred by SEBI and not related to any existing director. He also serves on boards of Bajaj Finserv and L&T.
Likely market impact
Routine governance move ensuring board continuity with an experienced director; neutral to mildly positive, subject to shareholder approval.