Investment16 May 2025, 11:16 pm
Bajaj Auto Subsidiary Secures Euro 566 Million Loans for Investment Activities
AI Summary
Bajaj Auto International Holdings BV (BAIH BV), a wholly owned subsidiary of Bajaj Auto Limited, has entered into loan agreements with three banks for an aggregate amount of Euro 566 million (equivalent to Rs. 5,431.08 crore) for funding its investment activities. The term of the loan is one year and it is unsecured. The loan agreements were executed on May 15, 2025, with DBS Bank Ltd., on May 16, 2025, with JP Morgan Chase Bank N.A. and Citigroup Global Markets Asia Ltd.
Key Highlights
- Bajaj Auto subsidiary secures Euro 566 million loans
- Loans are unsecured and for a term of one year
- Loans are for funding investment activities
- Loan agreements executed with JP Morgan Chase Bank N.A., DBS Bank Ltd., and Citigroup Global Markets Asia Ltd.