ptw holding will also contribute its 465 stake in ktmag to pmag after completion of both steps pierer lndustrie and baihbv will be stake holders in ptwholding with pmag as its listed subsidiarynew delhi in a regulatory filing issued in austria by pierer mobility ag pmag bajaj autos netherland subsidiary bajaj auto international holdings bv baihbv will swap 465 out of its 48 stake in ktm ag for a stake in ptw holding100 subsidiary of pierer lndustrie thus becoming an equity holder along with pierer lndustrie in ptw holdingptw holding will also contribute its 465 stake in ktmag to pmag after completion of both steps pierer lndustrie and baihbv will be stake holders in ptwholding with pmag as its listed subsidiary advt pmags stake in ktmag would stand increased to 982 and it would continue to hold the other entities pierer ebikes and kiska gmbhbajaj autos board of directors accorded its inprinciple approval to this proposal and directed that this approval as approval of baihbv shareholders be conveyed to its wholly owned subsidiary baihbvbaihbvs board at its meeting on 26th july considered the proposals and also noted its shareholders inprinciple approval after due deliberations baihbvs board also accorded its inprinciple approval for the proposalsboth parties will now process necessary clearances from the competition take over other authorities as may be required and depending on the outcome of clearances from the authorities concerned and of transaction negotiationsvaluations undertake the next steps said the releaseread more bajaj auto to set up a separate subsidiary for electric vehiclesthe companies board approved setting up of subsidiary for manufacturing of electric and hybrid two three and four wheeler categorysee more details etauto published on jul 26 2021 at 1055 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app bajaj auto shares ptw netherland pierer mobility ag pmag ktm ag ptw holding bajaj auto homenewspierer mobility ag and bajaj to simplify shareholding structure