Bajaj Auto subsidiary invests EUR 50m in Pierer Bajaj AG

Bajaj Auto Limited [BSE: 532977] announced today that its wholly-owned subsidiary, Bajaj Auto International Holdings BV (BAIH BV), has subscribed to convertible bonds worth EUR 50 million issued by Pierer Bajaj AG (PBAG) on April 3, 2025. The investment aims to support the funding needs of KTM AG, a subsidiary of PBAG, facilitating the resumption of KTM motorcycle production and covering operating costs. BAIH BV holds a 49.9% stake in PBAG, which in turn has a 74.94% stake in PIERER Mobility AG (PMAG). The bonds, with a nominal value of EUR 100,000 each, are convertible and will mature on March 31, 2028. This transaction, approved by Bajaj Auto's Audit Committee, is considered a related party transaction conducted at arm's length.