Bajaj Auto Limited has informed the Exchange about Acquisition - Intimation of Call Option Agreement entered into by Bajaj Auto International Holdings BV, a wholly owned subsidiary of Bajaj Auto Limited with Pierer Konzerngesellschaft mbH and Pierer Industrie AG

Bajaj Auto's wholly owned Dutch subsidiary, Bajaj Auto International Holdings BV (BAIH BV), has entered into a Call Option Agreement with Pierer Konzerngesellschaft mbH and Pierer Industrie AG. A call option gives BAIH BV the right (not obligation) to buy a stake in the Pierer group at a pre-agreed price within a defined period. Pierer Industrie AG is the parent company of KTM AG, Bajaj Auto's long-standing European two-wheeler partner. The deal effectively gives Bajaj's subsidiary a right to acquire additional ownership or control in the KTM group, building on the existing partnership.