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Bajaj Auto, Pierer Industrie AG start preliminary discussion on stake transfer

02 Dec 2020 Evaluate

Bajaj Auto has started preliminary discussion with its Austrian partner Pierer Industrie AG for simplifying their shareholding pattern in premium bike maker KTM by transferring their stakes to a new holding company.

At present, PIERER Mobility AG (PMAG) and Bajaj Auto's 100 per cent Netherlands subsidiary, Bajaj Auto International Holdings BV, hold 51.7 per cent and 48 per cent respectively in KTM AG. Pierer Industrie AG holds over 60 per cent in PMAG, with the balance being free float.

Bajaj Auto is world’s fourth largest two and three-wheeler manufacturer. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal.

Peers
Company Name CMP
Bajaj Auto 10020.00
TVS Motor Company 3988.00
Hero MotoCorp 5074.80
Eicher Motors 7050.00
OLA Electric Mobilit 35.96
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