Bajaj Auto's Offshore Subsidiary Secures €566 Million Loan for Potential KTM AG Restructuring

Bajaj Auto Ltd. has clarified certain media reports suggesting that its offshore wholly owned subsidiary, Bajaj Auto International Holdings BV, Netherlands, secured a Euro 566 million loan for the purpose of funding the restructuring of KTM AG. The company confirmed that Bajaj Auto BV is indeed in negotiations and exploring alternatives to participate in the restructuring of KTM AG, as per a plan approved by its creditors. The final arrangements and disclosures will be made in accordance with Regulation 30 of the Listing Regulations at the appropriate time.