Bajaj Auto through their wholly owned subsidiary, Bajaj Auto International Holdings B.V. have bought a further 59,500 shares in KTM Power Sports AG. This takes their total tally of shares to 1,782,500 in one of Europe’s fastest growing motorcycle manufacturers.
This translates to 25.8% voting rights in KTM up from 21% before. Rajiv Bajaj is already on the board of KTM. The companies are working together on a 125-250cc liquid cooled engine platform and also three other vehicles.
Sep 20, 2008
Bajaj Ups Stake In KTM
Posted by gearhead
Labels: Motorcycles
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