Shares of Bajaj Auto Ltd traded slightly higher on Tuesday after the company announced the completion of its strategic acquisition of 100% stake in Pierer Bajaj AG (PBAG) through its subsidiary, Bajaj Auto International Holdings BV (BAIH).
At 9:22 AM on Tuesday, Nov 19, the stock was up 0.54%, trading at ₹8,969.50, compared to the previous close of ₹8,921. The stock moved within a day range of ₹8,901–₹8,950 and carries a market capitalisation of ₹2.49 trillion.
Bajaj Auto completes full ownership of PBAG
The company confirmed that the acquisition was finalised on November 18, 2025, with BAIH purchasing all 50,100 shares of PBAG, giving Bajaj Auto complete ownership.
Following this transaction, Bajaj Auto now indirectly controls:
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74.90% stake in PIERER Mobility AG (PMAG)
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74.90% stake in KTM AG
The Pierer Group has fully exited PBAG, PMAG and KTM.
Major restructuring and name changes announced
As part of the transition:
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Pierer Bajaj AG will be renamed Bajaj Auto International Holdings AG
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PIERER Mobility AG will be renamed Bajaj Mobility AG
The Supervisory and Management Boards of PBAG, PMAG and KTM will be reconstituted to reflect the new ownership.
Stock exchange listings to continue
The newly renamed Bajaj Mobility AG (currently PMAG) will remain listed on:
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SIX Swiss Exchange, Zurich
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Vienna Stock Exchange
