Bajaj Auto Limited has informed the Exchange about Acquisition - Update regarding issue of subsequent Notice of Call Exercise in respect of 24,000 shares of Pierer Bajaj AG by Bajaj Auto International Holdings BV, a wholly owned subsidiary of Bajaj Auto Limited
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Bajaj Auto's wholly-owned Dutch subsidiary, Bajaj Auto International Holdings BV, has issued a notice of call exercise to acquire 24,000 shares of Pierer Bajaj AG, the parent company of KTM. This is an update on an ongoing acquisition process where Bajaj Auto is increasing its stake in its long-standing European two-wheeler partner. The exercise of the call option signals the next step in formalising Bajaj's increased ownership in Pierer Bajaj AG beyond the current holding.
Strengthens Bajaj Auto's strategic stake in the KTM/Pierer Bajaj group, potentially giving it greater say in global operations and financial outcomes, though the quantum (24,000 shares) is incremental to existing holdings.