Bajaj Auto Limited — Important, 22-05-2025: Agreements

Bajaj Auto’s subsidiary BAIH has signed a €80 million (Rs. 776 Cr) Receivable Redemption Agreement with Pierer Konzerngesellschaft mbH (PIKO), involving payment to Dabepo Holding GmbH. The deal transfers loan and share pledge commitments linked to shares of Pierer Industrie AG (PIAG) and its subsidiaries. BAIH owns 49.9% of Pierer Bajaj AG, with PIKO as the parent company. The transaction, secured by pledged share certificates, strengthens Bajaj’s strategic position in the Austria-based firm.