Bajaj Auto on Friday announced that its board of directors have approved to invest funds up to Euro 150 million (equivalent to Rs 1,364 crore) in Bajaj Auto International Holdings BV, Netherlands, a wholly owned subsidiary of the company. In a regulatory filing, the company said, “We hereby inform that the Board of Directors at its meeting held on 21 February 2025, have accorded approval to invest funds up to Euro 150 million in Bajaj Auto International Holdings BV, Netherlands, a wholly owned subsidiary of the Company, either in the form of equity capital / preference capital / loan – convertible or otherwise, as may be determined in the due course, in one or more tranches.”
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The additional capital infusion, it further added, is to fund the needs of BAIH BV towards investment opportunities.
Bajaj Auto International is the two-wheeler maker’s Netherland-based subsidiary, engaged in the business of investment, and had a turnover of Rs 19.09 crore and a net worth of Rs 5,487 crore as of March 31, 2024.
Earlier in January, Bajaj Auto had released its fiscal third quarter earnings report with profit growth of 3.3 per cent YoY to Rs 2,108.7 crore as against Rs 2,042 crore in the year-ago period. The revenue from operations stood at Rs 12,807 crore during the December quarter, up 5.7 per cent YoY from Rs 12,114 crore in Q3FY24. This was the company’s slowest profit growth in nearly two years.
Shares of Bajaj Auto were down 1.4 per cent at 4:30 pm at a trading price of Rs 8,507.55.
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