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Bajaj Auto, through its subsidiary BAIH, extended a secured term loan of €450 million (~Rs.4,365 Cr) and subscribed to €150 million (~Rs.1,455 Cr) in convertible bonds issued by Pierer Bajaj AG (PBAG). This €600 million funding supports KTM’s restructuring and operational revival. Bajaj plans to acquire a controlling stake in PBAG, shifting from minority to majority ownership to drive governance changes and a strategic turnaround of KTM’s global premium motorcycle business, pending necessary approvals.