India, Nov. 19 -- Bajaj Auto Ltd on Wednesday announced that it has completed the acquisition of a majority stake in Austrian motorcycle manufacturer KTM, after securing all required approvals from European regulators for the €800-million deal.
The company also informed that Pierer Bajaj AG (PBAG) has been renamed Bajaj Auto International Holdings AG, while PIERER Mobility AG (PMAG)—the holding company of KTM AG listed on the SIX Swiss Exchange in Zurich and the Vienna Stock Exchange—has been renamed Bajaj Mobility AG.
Earlier this month, Bajaj Auto had said it had obtained eight of the nine regulatory clearances, and on November 10, it received the final approval from the European Commission.
Published by HT Digital Con...