Bajaj Auto Limited — Important, 15-05-2025: Agreements

Bajaj Auto International Holdings BV (BAIH BV), a wholly owned Bajaj Auto subsidiary, has invested €50 million (Rs. 479.97 Cr) in convertible bonds issued by Pierer Bajaj AG (PBAG) to support KTM AG’s restructuring. BAIH BV holds 49.9% of PBAG, which owns 74.94% of KTM’s holding company. These bonds are convertible to PBAG shares from mid-2025 to early 2028, with repayment in March 2028. This move solidifies Bajaj’s strategic stake in leading European premium two-wheeler brands, positioning it well for future growth.