KTM Bags €550 Million Lifeline as Bajaj Group Backs Major Refinancing Deal
A consortium of international banks, including J.P. Morgan SE, HSBC, DBS Bank Limited, and MUFG Bank Ltd, has granted a refinancing loan of €550 million (about ₹5,904.8 crore at an assumed exchange rate of 1 euro = ₹107.36) to KTM AG, a step-down subsidiary of Bajaj Auto Limited via Bajaj Mobility AG. In keeping with […]
