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New Delhi21 minutes ago
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Bajaj Auto announced the purchase of Austrian motorcycle maker KTM on Thursday (May 22). The contract between the two companies may be Rs 7,765 crore. The majority of Bajaj Auto KTM AG will be attained by Bajaj Auto International Holdings Bibi, according to its full -fledged agency.
Bajaj Auto will now become the majority stakeholder from KTM’s minority stakeholder, which is fighting for Insolvency. It is expected to strengthen the company’s position in the premium and sports motorcycle department. Bajaj Auto International Holdings currently contains 49.9% of the KTM. Bajaj Auto Auto, co-owner of KTM.
What will Bajaj Auto KTM do for
Bajaj Auto said that the acquisition will help in the ongoing reconstruction at KTM, it will be an effective sustainable insurance and will help to expand Bajaj market worldwide in the motorcycle market. There is a promise of a fund of Rs 7,781 crore to support the Debt O restructuring. BHBV is committed to investing about Rs 7,765 crore.
What is involved with investment in Bayhobov’s KTM –
- KTM AG will be given $ 4,365 billion as LOAN.
- 1,455 crore through convertible bonds in Pierre Bajaj AG.
- Already the shareholder has been added as the date of Rs. 1,945 crore.
Court deadline and funding period
The purpose of this fund is to support the KTM’s financial stability by supporting the reconstruction program of approval by the court and providing executive capital. The agency has said that in the total amount of Rs 1,945 crore has already been invested in KTM -1,835 crore rupees will be distributed soon.
These Financial Majors are designed to complete the deadline for 23 May 2025 prescribed by the court. Under which 30% of the Credit Dwarves will be settled. If you don’t do this, Insolvency activities can be taken against KTM and its supporting companies.
PBAG has sought regulatory approval for controlling control
Bajaj Auto also plans to take part in PBAG, a parent company owned by KTM AG. It is subject to regulatory approval in Austria. Currently, KTM has an indirect 37.5% portion through Bajaj Auto PBAG and Pierre Modesty.
Pierre Bajaj AG, Bajaj Auto International Holdings Bibi and Pierre Industry AG are a joint venture. It has a 74.5% portion of the mobility of the parlor, which has motorcycle brands such as KTM, Gasgas, Hoskabarna and CFMOT. Pierre’s mobility applied for bankruptcy on 29 November 2024.
Bajaj will accept the shareholder approval through the postal ballot
According to the SBI Rules, Bajaj Auto Board has approved the shareholder approval for this related party transactions through postal ballot.
Bajaj’s Global Motorcycle is a milestone
This acquisition is a major milestone in Bajaj Auto international strategy. It is expected to help KTM’s financial recovery and business activities. Both companies are already cooperating under a joint development program located in India.
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