Pierer industrie in talks with Bajaj auto for 48 per cent stake in KTM.

Bajaj Auto and Austria's Pierer Industrie AG have started discussions to assess the possibility of transferring Bajaj's 48 per cent stake in KTM AG to KTM Industries AG, with the Pierer-Group continuing to retain the controlling majority over KTM Industries AG. "Pierer Industrie AG and Bajaj will now evaluate the proposals in detail. The transaction decision is targeted to be made in the second quarter of 2019," Bajaj Auto said in a regulatory filing on Thursday.

At present, Pierer Industrie AG holds approximately 62 per cent of the shares of KTM Industries AG. The listed company KTM Industries AG holds approximately 51.7 per cent of the shares of KTM AG. "If Pierer Industrie AG and Bajaj...

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