Bajaj Auto Completes Acquisition of Full Control in Pierer Bajaj AG, Gains Majority Stake in PMAG and KTM

Pune, November 19, 2025 Bajaj Auto Limited (BSE: 532977, NSE: BAJAJ-AUTO) announced the completion of its long-planned acquisition of the entire shareholding of Pierer Bajaj AG (PBAG). The acquisition has been made through its wholly owned subsidiary, Bajaj Auto International Holdings BV (BAIH). The transaction was finalised on November 18, 2025. This has marked a major strategic milestone for the company.

Full Acquisition Completed

Bajaj Auto International Holdings (BAIH) has completed the full acquisition of PBAG by purchasing all 50,100 shares from Pierer Industrie AG after fulfilling all conditions under the Call Option Agreement. With this transaction, BAIH now holds 100% ownership of PBAG, giving Bajaj Auto an indirect controlling stake of approximately 74.9% in PIERER Mobility AG (PMAG) and KTM AG. As of November 18, PBAG has become a wholly owned subsidiary of BAIH and a step-down subsidiary of Bajaj Auto, making PMAG and KTM step-down subsidiaries as well. This acquisition also marks the complete exit of the Pierer Group from PBAG, PMAG, and KTM.

Key Corporate Changes Initiated

Bajaj Auto has initiated several key corporate changes after the finalisation of the acquisition. These changes are being made to align the structure and governance of the acquired entities with its ownership framework. One of the major corporate changes includes renaming PBAG to Bajaj Auto International Holdings AG. Further, PMAG will be listed on the SIX Swiss Exchange and the Vienna Stock Exchange. It will be rebranded as Bajaj Mobility AG. Bajaj Auto has also begun restructuring the Supervisory and Management Boards of PBAG, PMAG, and KTM. This is being done to bring them in line with its governance standards and strategic direction.

Market Snapshot

The share price of Bajaj Auto Limited closed at ₹8,872.00 on November 19. This was a 0.55% or ₹49.00 fall from its previous close of ₹8,921.00. The intraday range was between ₹8,863.50 and ₹8,975.00. The company had a positive trading session. Its total market capitalisation stood at ₹2,47,757.35 crore. Further, it had total traded value and volume of ₹291.06 crore and 3.26 lakh shares, respectively.

Bajaj Auto Limited is one of India’s leading two-wheeler and three-wheeler manufacturers. It has a strong global presence across more than 70 countries. The company has built a solid reputation in motorcycles, commercial vehicles, and powertrains, and has strengthened its international strategy through long-term partnerships and strategic investments.

REF: https://nsearchives.nseindia.com/corporate/lkwalimbe_bajajauto_co_in_19112025090542_SE_Intimation.pdf

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