Bajaj Auto completes acquisition of majority stake in KTM
pre-market1 source ↓written by the desknot a recommendation
- approximately
- €800 million
- approximately
- ₹7,765 cr
- finalized
- 18 Nov 2023
Bajaj Auto has successfully acquired a majority stake in KTM by investing €800 million (approximately ₹7,765 cr). The deal, finalized on 18 Nov 2023, received all necessary regulatory approvals from European authorities. This acquisition positions Bajaj as the controlling entity, enhancing its strategic influence in the two-wheeler market. 🚴♂️
Not investment advice. For informational purposes only.