Bajaj Finserv Limited has informed the Exchange regarding 'Approval of proposed name change of Bajaj Finserv Asset Management Limited , Bajaj Finserv Mutual Fund Trustee Limited and Bajaj Finserv Mutual Fund'.
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Bajaj Finserv Limited has announced that its Board has approved name changes for three subsidiaries as part of a group-wide re-branding initiative. The entities affected are Bajaj Finserv Asset Management Ltd (to become Bajaj Asset Management Ltd), Bajaj Finserv Mutual Fund Trustee Ltd (to become Bajaj Mutual Fund Trustee Ltd), and Bajaj Finserv Mutual Fund (to become Bajaj Mutual Fund). SEBI had previously conveyed its no objection to the name change, subject to board approval and exchange disclosure. The company must still comply with conditions stipulated by SEBI and applicable law before the changes take effect.
This is a rebranding exercise with no material impact on Bajaj Finserv's financial position or business operations. Shareholders should note that this affects subsidiary branding only and does not change the investment merits of the parent company or its mutual fund schemes.