Bajaj Auto Ltd.

Bajaj Auto has received a notice from the workmen's union of its Chakan plant viz, Vishwa Kalyan Kamgar Sanghatana stating that they propose to call for a stoppage of work by all the workmen employed in Chakan plant from the morning shift of June 28, 2013 for the reason that management had refused to concede their demand that all the workmen working in Bajaj Auto should each be given an option to subscribe to 500 equity shares of the Company at a discounted price of Re. 1 per share. The workmen have stopped coming to the Chakan plant from June 25, 2013, itself, without assigning any reason for this stoppage.

Bajaj Auto is a $2.3 billion company founded in 1926. It is world’s fourth largest two and three-wheeler manufacturer. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal