Old Bajaj Shares: What They Are Worth and How to Recover Them

Certificates may carry the name: Bajaj Auto Limited (renamed Bajaj Holdings & Investment Limited in 2008)

Reviewed 22 September 2026

In short

This is one of the most misunderstood old certificates in India. The company that issued it, Bajaj Auto Limited, was renamed Bajaj Holdings & Investment Limited in the 2008 demerger — so the certificate itself became a Bajaj Holdings holding. Shareholders on the record date of 25 March 2008 were additionally allotted shares in the new Bajaj Auto Limited, in the ratio of 1:1, and shares in Bajaj Finserv Limited. The two new companies listed on 26 May 2008.

Corporate actions that changed the holding

2007Demerger approvedThe board approved the demerger of the erstwhile Bajaj Auto Limited on 17 May 2007.
2008Demerger effectiveEffective 20 February 2008. The erstwhile Bajaj Auto Limited continued under the changed name Bajaj Holdings & Investment Limited.
2008Allotment of new sharesRecord date 25 March 2008: shareholders received shares of the new Bajaj Auto Limited (₹10 each) in the ratio 1:1, and shares of Bajaj Finserv Limited (₹5 each). Both listed on 26 May 2008.

We have not verified the exact entitlement ratio for Bajaj Finserv shares, so it is not stated here — ask the registrar to confirm the full entitlement on your folio, which should cover all three companies.

Who to write to

Check the company’s current registrar before you write

Where to look: The investor or shareholder section of the company’s website, and the general shareholder information section of its latest annual report
Why it matters: Registrars merge and change hands — TSR Consultants became Link Intime, which became MUFG Intime — so an address on old correspondence is often out of date

We have not verified this company’s current registrar against a company or registrar source, so we are not naming one here.

Registrars change. Confirm the current one on the company’s investor page before posting anything, and see how to find a company’s registrar.

How the shares are recovered

The shares are in your name and you have the certificates
Update KYC on the folio if needed, then dematerialise them so they can be sold.
The shareholder has died
The nominee, surviving joint holder or legal heirs claim through transmission.
You bought the shares on paper before April 2019
SEBI's special window, open until 4 February 2027, lets you complete the transfer.
The certificates are lost or damaged
The registered holder or heirs apply for duplicates, credited to demat.
The shares or dividends were transferred to IEPF
Claim them back from the IEPF Authority with Form IEPF-5.
The certificate is in an old or merged company name
The holding may now sit with a renamed or successor company.

Questions we are asked about Bajaj shares

My certificate says Bajaj Auto Limited. Which company is that now?

If it predates the 2008 demerger, that company is now Bajaj Holdings & Investment Limited — the name was changed, so the certificate follows it. Separately you should have been allotted shares in the new Bajaj Auto and in Bajaj Finserv.

We never received the new shares from the demerger.

Entitlements that could not be delivered are commonly held in a suspense account, or transferred to the IEPF where dividends went unclaimed for seven years. Both are recoverable; the registrar will say where they sit.

Does one claim cover all three companies?

No. Each company has its own folio and its own claim, though the supporting documents overlap. Trace all three before starting, since SEBI’s value thresholds apply per company.