Business Standard

Bajaj Auto swaps stake in KTM to get a share in Pierer Mobility

PMAG ups stake in KTM AG from 51.7% to 98.2%; Bajaj Auto becomes indirect partner in all PMAG brands

KTM Duke 790
Premium

According to reports, KTM’s domestic sales stood at 4,389 units in August 2021, down 38 per cent compared to 7,116 units in August 2020

Shine Jacob Chennai
Bajaj Auto and Pierer Industrie, its partner in KTM AG, on Wednesday announced that they have finalised a plan to simplify shareholding in premium bike maker KTM through a share swap deal. Following this, Bajaj will become an indirect stakeholder in other brands of the Austrian partner — including Husqvarna, GasGas, and Ramon.
 
Earlier, Bajaj Auto and Pierer Mobility AG (PMAG) held around 48 per cent and 52 per cent, respectively, in KTM AG. Bajaj’s shareholding was through its Netherlands-based subsidiary Bajaj Auto International Holdings BV (Baibhv).
 
As part of the two-step deal, Bajaj Auto has transferred 46.5

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 29 2021 | 10:58 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com