Bajaj Auto Board gives a node to infect the in -1,364 crore in hand in the Netherlands, stocking 14% in six months. Stock market news

Bajaj Auto Limited said on Friday that its board has approved investment of up to 150 million euros ( 1,364 crores) In his full -fledged hand, Bajaj Auto International Holdings Biwi, Netherlands, to meet the latter needs towards investment opportunities.

In its meeting held on Friday, the Board of Directors has approved investing money up to 150 million Euro 150 million in Bajaj Auto International Holdings Biwi, Netherlands (BAIH BV), the company said in a regulatory filing.

Investments can be either equity capital, preference capital, loan – convertible or otherwise, as can be determined in the appointed time, in one or more installments, it can be added.

The company said that Capital Infusion will be built in one or more installments based on the requirements of the funds by 31 March 2026.

Baih BV is a fully owned subsidiary of the company and is engaged in investment business.

The filing said, “The company has to meet the needs of Baih BV towards additional capital infusion investment opportunities,” adding necessary approval for additional investment in Baih BV, which was obtained from a foreign subsidiary Reserve Bank of India Is .

Although the company did not expand “investment opportunities”, development comes at a time when Bajaj Auto is heavyly associated with the possibility of increasing its share in the financially stressed KTM AG, which is the Austrian bikemaker Giving bail to which is going through judicial restructuring.

Bajaj Auto holds 49.9 percent stake in its colleague through Baih BV – Pierce Bajaj AG (PBAG) in Austria. The remaining control stake in PBAG is conducted by Pierce Industry AG.

PBAG holds about 75 percent stake in KTM AG’s holding company, its subsidiary Pierce Mobility AG (PMAG).

Apart from being a part equity owner, Bajaj Auto is also a strategic partner for KTM as it develops and manufactures products (400cc) for India and exports to foreign markets.

Business in India is managed by Bajaj Auto, while the export geography is mostly managed by KTM AG and partially Bajaj Auto.

Last year, KTM stated that its holding firm Pierler Mobility AG’s judicial reorganization, for the Indian domestic market, had no impact on business related to co-developed products with Bajaj Auto and selected export markets.

However, it affected the business of Pear Mobility AG/KTM AG, excluding Austria, which includes exports from Austria, India and China, which is in its major markets in the US and Europe.