Mumbai, May 22 -- The move aims to support KTM's ongoing restructuring and ensure its operational continuity amid financial distress.

As part of the plan, BAIHBV has extended a 450 million euros (equivalent to Rs 4,365 crore) secured term loan to KTM AG and subscribed to 150 million euros (equivalent to Rs 1,455 crore) in convertible bonds issued by Pierer Bajaj AG (PBAG), bringing the total commitment to 600 million euros (equivalent to Rs 5,820 crore). This follows an earlier infusion of 200 million euros in shareholder debt, taking the overall funding to 800 million euros (approx. Rs 7,765 crore).

These transactions are designed to meet a critical deadline, 23 May 2025, for settling 30% of creditor claims, as mandated by Austrian cou...