 "KTM Duke 790")
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
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
