Bajaj Auto to take control of KTM business
On May 21, Bajaj Auto Limited announced that it intends to take control of the KTM business that is headquartered in Austria, through its wholly owned subsidiary Bajaj Auto International Holdings BV (BAIHBV).
BAIHBV holds a 49.9% stake in its associate, i.e., Pierer Bajaj AG (PBAG) in Austria. PBAG holds over 75% st