- 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.
