Legal5 Mar 2026, 05:21 pm
Bajaj Auto Ltd Subsidiary Pre-pays Euro 450 Million Loan to KTM AG
AI Summary
Bajaj Auto Ltd announced the termination of a loan agreement between its subsidiary, Bajaj Auto International Holdings BV, and KTM AG, a step-down subsidiary. The agreement, which was for a secured term loan of Euro 450 million, was terminated after KTM AG pre-paid all outstanding dues. This decision is expected to have significant implications for both companies and the broader automotive industry.
Key Highlights
- Bajaj Auto Ltd subsidiary pre-pays Euro 450 million loan to KTM AG
- Loan agreement terminated on 5 March 2026
- Payment made by KTM AG to effect the termination
- Implications for both companies and the automotive industry
- Compliance with SEBI and Listing Regulations