The long standing tussle between the Bajaj brothers came to an end after Rahul Bajaj, Chairman, Bajaj Auto sold shares to his brother Shekhar Bajaj and his son Anant Bajaj.

Rahul sold as many as 35.35 lakh shares in Bajaj Electricals, the consumer electronics producing company. With this, Mr. Bajaj has given up 50 per cent of his stake in the company.

This was reveled in a statement given to the BSE, talking about the block deal.

In return to this, Shekhar Bajaj and his family sold their 7.71 million shares which they had in Bajaj Auto to Bajaj Holdings and Investment. The latter is owned by Rahul Bajaj.

Post the dealing, the battle which was going on regarding the ownership of companies and the decision making authority, has come to an end.

Meanwhile, Bajaj Electricals expects to have a revenue of Rs. 2, 200 crore for this fiscal. This does not include the figures for February and March.

Talking to media persons, Bajaj Electricals' Executive Director, R Ramakrishnan said that the company is now looking forward to have an organic growth in order to achieve higher results.