Bajaj Finserve, Rahul Bajaj's new firm, will be listed on the bourses on Monday (May 26, 2008). Bajaj Finserve comprises of financial services and wind farm businesses of Bajaj Auto and has a significant presence in insurance, consumer finance and distribution space.

Apart for this, it has been learnt that Bajaj Finserve is mulling an entry into the mutual fund business, for which Bajaj group is in talks with Allianz group.

In the proposed asset management company (AMC) venture, the Allianz group will pick up a majority 51 per cent stake while three unnamed banks will pick up to 3 percent stake each. The balance 40 percent stake will be held by Bajaj Finserve.

Bajaj Finserv has posted consolidated revenues of Rs 1,223 crore and a net loss of Rs 32.7 crore in the last fiscal, mainly on account of the business development activities of its life insurance subsidiary, Bajaj Allianz Life Insurance.

Bajaj Finserv’s consolidated results include the two insurance joint ventures, the listed consumer finance company Bajaj Auto Finance and the wind power business of the erstwhile Bajaj Auto Ltd.

Auto major Bajaj Auto was de-merged into three new entities Bajaj Holdings & Investments, new Bajaj Auto and Bajaj Finserv.

The board of directors of Bajaj Finserv has recommended 20% dividend, amounting to Re 1 per share of face value Rs 5.