India’s Bajaj Auto to Take Over KTM With €800 Million Loan
Motorcycles on the assembly line inside the KTM manufacturing facility in Mattighofen, Austria.
Photographer: Michaela Handrek-Rehle/BloombergFollow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.
Indian motorbike maker Bajaj Auto Ltd. plans to acquire a controlling stake in cash-strapped KTM AG and has lined up a debt funding package of as much as €800 million ($907 million) that will save the Austrian company it has co-owned from bankruptcy.