Bajaj Auto Swaps Stake To Get Share In KTM Holding Company

New Delhi: Bajaj Auto and Pierer Industrie AG on Wednesday finalised a stake swap deal with PTW Holding to simplify the shareholding pattern in the Austrian bikemaker KTM AG. "Under the new agreement, Bajaj Auto International Holdings BV (BAIHBV) swapped 46.5% (out of its 48%) stake currently held in KTM AG to PTW Holding AG," Bajaj Auto said in a notification to exchanges.