Bajaj which holds 30% shares in KTM might soon become owner of the European bike major. The promoters of KTM have offered Bajaj to take 90% (incuding Bajaj’s 30% stake). KTM promoters are looking to sell out their 60% shares for a cash offer of Rs1000 crores. If the deal goes through, Bajaj could become a notable player in the global sports bike market. The deal will have impact in India as Bajaj can leverage the technology and quality engineering of KTM to build their bikes in India.
Source: ET