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 · price
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On the reaction day the stock moved 1.8 pts more than Nifty 100 and 2.6 pts more than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.
Positive for Bajaj Auto shareholders as it gives the company a strategic option to deepen its stake in KTM at pre-set terms, potentially strengthening its global two-wheeler footprint. However, it is only an option, not a completed acquisition, so no immediate financial impact or open offer obligation is triggered right now.