Stay updated with breaking news from Pierer Group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Through the share swap agreement, Bajaj Auto will become an indirect stakeholder in KTM as well as in other brands of the Austrian partner comprising Gas Gas, Husqvarna, and Ramon
Bajaj Auto, Pierer Industrie AG to rearrange shareholding pattern in KTM PIERER Mobility AG (PMAG) and Bajaj Auto's 100 per cent Netherlands subsidiary, Bajaj Auto International Holdings BV (BAIHBV), held 51.7 per cent and 48 per cent respectively in KTM AG. Subsequently, PMAG's stake in KTM AG would stand increased to 98.2 per cent (Source: PTI) PTI Updated Jul 27, 2021, 10:25 AM IST Bajaj Auto Ltd on Monday said it has reached an agreement its Austrian partner Pierer Industrie AG for simplifying their shareholding pattern in premium bike maker KTM through a two-step transfer of their...