Loan & Debt22 May 2025, 10:48 pm
Bajaj Auto's Subsidiary Secures Euro 100 Million Loan from Standard Chartered Bank
AI Summary
Bajaj Auto Ltd. has announced that its wholly owned subsidiary, Bajaj Auto International Holdings BV, has entered into a loan agreement with Standard Chartered Bank for an amount of Euro 100 million (equivalent to Rs. 971.20 crore). The loan is unsecured and has a term of one year. The purpose of the loan is to fund investment activities of Bajaj Auto International Holdings BV. This information was received on 22nd May 2025.
Key Highlights
- Bajaj Auto's subsidiary, Bajaj Auto International Holdings BV, secures a Euro 100 million loan from Standard Chartered Bank.
- The loan is unsecured and has a term of one year.
- The loan will be used for funding investment activities of Bajaj Auto International Holdings BV.
- The agreement was executed on 22nd May 2025.
- This is not a related party transaction.