At 11.26 am today, the shares of Bajaj Auto Limited were trading at ₹8,458, up by ₹11.05 or 0.13 per cent on the NSE.
Yesterday, Bajaj Auto Limited announced that its wholly owned Dutch subsidiary, Bajaj Auto International Holdings BV (BAIH BV), has provided a loan of €50 million (approximately ₹455.56 crore) to Pierer Bajaj AG (PBAG) on February 24, 2025. This loan is part of a larger approved investment of up to €150 million and will be used to finance the operations of KTM AG, a leading European motorcycle manufacturer currently undergoing restructuring. BAIH BV holds a 49.9 per cent stake in PBAG, which in turn owns 74.94 per cent of PIERER Mobility AG (PMAG), the holding company of premium motorcycle brands KTM, GASGAS, and Husqvarna.
The three-year shareholder loan was executed at arm’s length terms with an early repayment option and was approved by Bajaj Auto’s Audit Committee. The loan’s utilization is subject to certain conditions precedent, and if these conditions are not fulfilled, the amount must be immediately repaid to BAIH BV. Rajiv Bajaj, Promoter and Managing Director & CEO of Bajaj Auto, also serves on the Supervisory Board of PBAG.
This news was published on February 25, 2025.
