His appointment as Chairman Emeritus will be effective from May 16, it added.
Pune: Rahul Bajaj, one of the most successful business leaders of India and the charismatic patriarch of the Bajaj Group, has resigned as chairman of Bajaj Finserv and will take over as the Chairman Emeritus from mid-May.
Bajaj, 80, through a letter dated Feb. 15, has tendered his resignation, which will be effective from the conclusion of the board meeting scheduled for May 16, Bajaj Finserv said in a regulatory filing on Wednesday.
His appointment as Chairman Emeritus will be effective from May 16, it added. Stock of Bajaj Finserv closed 1.22 percent higher at Rs 6,920 on BSE.
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