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Bajaj Auto Likely To Invest €125 Million More In KTM As Restructuring Deadline Nears
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Bajaj Auto Likely To Invest €125 Million More In KTM As Restructuring Deadline Nears
Bajaj Auto Ltd. is set to infuse more funds into Bajaj Auto International Holdings BV for "investment opportunities", even as the restructuring deadline for KTM AG nears.The board of directors of the Pune-based automaker has approved an additional equity investment of €125 million (Rs 1,200 crore) into its Netherlands-based unit, according to an exchange filing on Thursday.The all-cash infusion is a related-party transaction done on an arm's len…
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