Bajaj to take controlling stake in KTM
Bajaj India , which already has a 30% stake in Austrian motorcycle manufacturer, KTM, is expected to hike its stake to as much as 90% in the near future. While full details on this acquisition are not available yet, Bajaj and KTM are said to be in talks to finalise the deal as soon as possible.
Bajaj may either increase its stake in KTM to 90% right away, or may first hike the stake to 51% and then, in a phased manner, up to 90%. Details on the final arrangement are expected to emerge over the next few days. This deal will give Bajaj a major foothold in the European bike market and also open up avenues for launching bigger sportsbike from the KTM line-up in India.
[Via: indiaautomotive]
You need to log in to vote
The blog owner requires users to be logged in to be able to vote for this post.
Alternatively, if you do not have an account yet you can create one here.
Powered by Vote It Up