KTM AG co-owner Bajaj Auto signs US$632mil loan before deadline


- Bloomberg

New Delhi: The co-owner of the KTM AG motorcycle maker has secured a €566mil or about US$632mil one-year loan within days of a deadline to fund an insolvency plan at the troubled Austrian company.

The European unit of Bajaj Auto Ltd agreed to the unsecured loan with JP Morgan Chase & Co, DBS Bank Ltd and Citigroup Inc, according to a regulatory filing to the BSE in Mumbai.

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Bajaj Auto , KTM AG , loan

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