Bajaj Auto Receives Austrian Approval to Take Full Ownership of Pierer Bajaj AG Without Mandatory Offer

Pune, October 24, 2025 – Bajaj Auto Limited (NSE: BAJAJ-AUTO, BSE: 532977) shares closed higher after the company announced a major regulatory milestone in its global expansion plan. Its wholly owned Dutch subsidiary, Bajaj Auto International Holdings B.V. (BAIH), has received notification from the Austrian Takeover Commission permitting it to take full ownership of Pierer Bajaj AG (PBAG) without incurring a mandatory takeover bid for shareholders in PIERER Mobility AG.

Acquisition and Regulatory Clearance

The decision allows BAIH to exercise its restructuring right to purchase all 50,100 shares owned by Pierer Industrie AG in PBAG. This sanction is a big regulatory feather in Bajaj Auto’s cap in its global consolidation drive, allowing BAIH to shift its holding from 49.9 per cent to 100 per cent in PBAG.

The acquisition will then go through once the European Commission makes a non-prohibition decision under the Third Country Subsidies Regulation, with the call option to purchase outstanding shares to be exercised within 20 trading days of receipt of the approval.

Global Regulatory Approvals

Bajaj Auto has received approvals from several jurisdictions, including the Austrian Federal Competition Authority, Polish Competition Authority, Superintendencia de Industria y Comercio of Colombia, Saudi Arabia’s General Authority for Competition, the US Federal Trade Commission, and the Turkish Competition Board. The European Union’s DG Competition is awaiting its approval. Approval by the Austrian Federal Ministry for Economy has also been received.

Strategic Significance

This move eliminates the last significant regulatory barrier to Bajaj Auto’s international expansion. On completion, BAIH will have complete operational control of PBAG, enhancing its standing in PIERER Mobility AG and KTM AG. The action is consistent with Bajaj Auto’s international motorcycle and electric mobility policy, enabling more synergies in research and development, production, and distribution, especially in the European two-wheeler market.

Market Performance

On October 24, Bajaj Auto stock closed at ₹9,080.50, up ₹33.50 or 0.37% for the day. It opened at ₹9,070.00, reaching an intraday high of ₹9,099.00 and a low of ₹9,012.00. The company’s market capitalisation stands at ₹2.53 lakh crore, with a P/E ratio of 33.39 and a dividend yield of 2.32%. Its 52-week range spans from a low of ₹7,089.35 to a high of ₹10,593.45, with a quarterly dividend amount of ₹52.59.

REF:https://nsearchives.nseindia.com/corporate/lkwalimbe_bajajauto_co_in_24102025140814_Update_-_Takeover_Commission_Approval__002_.pdf

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