The KTM–Bajaj project has seen the Indian company slowly acquire more KTM stock over time, with a recent 1.
21 percent acquisition taking it to a total of 39.
3 percent ownership of KTM stock.
Majority shareholder CROSS has a 50.
1 percent stake in the company and has declared that it intends to remain the majority shareholder.
While takeover rumours have surfaced yet, strong interest from Bajaj means that we wouldn’t be surprised to see a takeover move from it in the future.
The company has continued making offers to smaller KTM shareholders and has stockpiled its share of the company in doing so.
Bajaj first purchased a 14.
5 percent share of KTM stock in 2007 and has more than doubled that since.
Being the second largest shareholder in the company has so far proved a mutually beneficial move for both companies, with plenty of collaboration occurring.
Most notably, the KTM 125 Duke was fruit of working together.
Where to from here…?
A 19-year-old student dies suddenly on campus, prompting support for the community.
A 15-year-old boy was hospitalized after a stabbing on Elgin High Street, prompting police investigations.
The Met Office warns of significant snowfall and icy conditions in the coming days.
A tragic incident in Fort William leads to murder charges against a teenager.
A heartfelt appeal for support emerges following the tragic death of a beloved mother.
3t training centre leads the way in survival skills for oil and gas workers.
A strange object in the sky sparks speculation among residents and experts alike.
Local authorities tackle a shed fire in Dundas Street, Stromness.
Authorities investigate a dispute involving a customer at a local pub.
Aberdeen secures victory over Rangers in a nail-biting penalty shootout at P&J Live.