Investment15 May 2025, 06:52 pm
Bajaj Auto Infuses Additional Euro 125 Million in Subsidiary Bajaj Auto International Holdings BV
AI Summary
Bajaj Auto Limited has announced an additional capital infusion of Euro 125 million (equivalent to Rs. 1,199.92 crore) in its wholly owned subsidiary, Bajaj Auto International Holdings BV, a Netherlands-based entity. The investment, approved by the Investment Committee of the Board of Directors, is aimed at funding the needs of BAIH BV towards investment opportunities.
Key Highlights
- Bajaj Auto Limited invests Euro 125 million in its wholly owned subsidiary, Bajaj Auto International Holdings BV.
- The investment is aimed at funding BAIH BV's investment opportunities.
- BAIH BV is a Netherlands-based entity with a turnover of Rs. 19.09 crore as of March 2024.
- The investment is a related party transaction, carried out on an arm's length basis.
- Necessary approvals for the additional investment have been obtained from the Reserve Bank of India.