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Bajaj Auto on Thursday announced that it will acquire majority control of Austrian motorcycle manufacturer KTM AG through its wholly owned subsidiary, Bajaj Auto International Holdings BV (BAIHBV).
BAIHBV has committed to a total investment of €800 million (around ₹7,765 crore), which includes:
BAIHBV has committed to a total investment of €800 million (around ₹7,765 crore), which includes:
- €450 million (₹4,365 crore) as a secured term loan to KTM AG
- €150 million (₹1,455 crore) via convertible bonds in Pierer Bajaj AG (PBAG)
- €200 million (₹1,945 crore) previously infused as shareholder debt
