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PIERER MOBILITY
Bajaj Mobility AG to cut 500 jobs as part of global rightsizing initiativeAustria-based Bajaj Mobility AG (formerly PIERER Mobility AG) is the holding company of the KTM Group, one of Europe's leading motorcycle m...- Bajaj Auto completes majority acquisition of KTM after regulatory nodBajaj Auto has finalized its acquisition of a majority stake in Austrian motorcycle maker KTM AG. The Indian automaker secured final approv...
- Bajaj Auto unit to acquire 24,000 shares in Pierer Bajaj AG for 24.32 million euroBajaj Auto's subsidiary is set to acquire a significant stake in Pierer Bajaj AG. This move involves purchasing 24,000 shares for over 24 m...
- Stocks in news: LIC, Sobha, Ola Electric, Kotak Bank, RIL, Adani Energy SolutionsMarkets saw a decline on Friday, with the Nifty slipping nearly 0.4% amid profit booking and FMCG sector weakness. Analysts remain bullish,...
- Bajaj Auto unit gets regulatory nod in Austria to take control over Pierer Mobility AGBajaj Auto's subsidiary has received approval from the Austrian Takeover Commission. This allows for the acquisition of Pierer Mobility AG,...
- Hamara KTM: Bajaj Auto to take control of Austrian companyRajiv Bajaj-led Bajaj Auto will control Austrian motorcycle maker KTM. The deal is valued at ₹7,800 crore. Bajaj Auto will transition from ...
- Bajaj Auto to acquire controlling stake in KTM in €800 million dealBajaj Auto is set to acquire a controlling stake in KTM for €800 million, transitioning from a minority investor to the majority stakeholde...
- Bajaj Auto says Netherlands-based arm in talks to participate in KTM AG restructuringBajaj Auto is considering involvement in the restructuring of KTM AG. Bajaj Auto International Holdings BV is in negotiations. This follows...
- Bajaj Auto shares up 1% as Rs 5,427 crore loan aids KTM bailout ahead of key deadlineBajaj Auto shares:Bajaj Auto International Holdings BV, a fully owned subsidiary of Bajaj Auto, has entered into loan agreements totaling €...
- KTM co-owner Bajaj Auto signs €566m loan before funding deadlineBajaj Auto Ltd. has secured a €566 million loan to fund KTM AG's insolvency plan, as the motorcycle maker faced a May 23rd deadline to depo...
- Bajaj-backed KTM's creditors take 70% cut in debt recastCreditors of Austrian motorbike maker KTM AG have approved a restructuring plan that will write off 70% of the company's debt. The plan req...
- Bajaj Auto board gives nod to infuse Euro 150 million in Netherlands-based armBajaj Auto's board has approved an investment of up to Euro 150 million in its wholly-owned subsidiary Bajaj Auto International Holdings BV...
- No impact on India business with Bajaj Auto due to restructuring of holding firm: KTMThe judicial restructuring of Pierer Mobility AG will not affect Bajaj Auto's business related to KTM products in India and select export m...
- KTM boss says scope of electric mobility 'highly overrated'"The whole scope and capability of the concept of electric vehicle mobility is highly overrated. It's the result of mixing the laws of phys...
- KTM to sell electric version of Chetak in Europe from Q1 of 2024The E-Chetak especially the second generation, is a great commuter product for a market like Europe. If everything goes as planned we shoul...
- Bajaj Auto finalizes share-swap deal with Pierer IndustriesThe management board of Pierer Mobility AG (PM AG) has resolved to execute a capital increase against contribution in kind in the total amo...
- Bajaj Auto to swap stake in KTM for a slice of parent Pierer MobilityBajaj Auto holds 48% in KTM AG through its fully-owned Netherlands-based subsidiary Bajaj Auto International Holdings. Pierer Mobility AG (...
- Bajaj Auto, Pierer Mobility to strengthen e-mobility cooperationThe two companies have decided to jointly explore zero tailpipe emissions, low maintenance, and long-lasting benefits of light electric veh...
- Freight-cost pain intensifies as pandemic rocks ocean shippingIndia was also caught up in the freight-rate issue, but its export lobby group said that the container shortage has eased to some extent on...
- Bajaj Auto looking to swap stake in KTM for a share in its parentBajaj Auto and PMAG hold approximately 48 per cent and 51.7 per cent, respectively, in KTM AG Austria. Bajaj’s shareholding is through its ...
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