Raise their stake to 47 per cent in the Austrian company
Bajaj Auto, one of India’s largest two-wheeler manufacturers, recently bought another 6.3 per cent stake in KTM of Austria, thereby raising their total stake to just over 47 per cent. The deal was made through Bajaj Auto International Holdings (BAIHBV), a wholly owned subsidiary of Bajaj Auto based in the Netherlands.
Although Bajaj officials have confirmed the deal, no details have been divulged as yet.
It may be recalled that Bajaj Auto began investing in KTM in 2007 when the Indian company bought 14.5 per cent stake in the Austrian company and since then Bajaj have been consistently investing in KTM. Rajiv Bajaj said in a recent interview that the company had no intentions to become the controlling stake-holders in KTM. However, going by Bajaj’s constant investment in KTM, it seems that Bajaj might just end up being the controlling authority of KTM in the future.
