Bajaj Group stock zooms 20% after fixing record date for demerger

Bajaj Finserv shares jumped by 20% after the company set the record date for its demerger plan. The demerger involves separating the company’s insurance and financial services businesses, allowing each unit to focus on its core operations independently. Investors responded positively to the news, with analysts expecting this move to unlock significant shareholder value. The demerger is expected to simplify Bajaj Finserv’s corporate structure, leading to more efficient operations and potentially enhancing market performance for both entities.