The investment could be either in the form of equity capital, preference capital, or a loan'convertible or otherwise, as may be determined in due course, in one or more tranches, it added.
The capital infusion will be made in one or more tranches depending on the fund requirements up to 31 March 2026, the company said.
BAIH BV is a wholly-owned subsidiary of the company and is engaged in the business of investment.
The additional capital infusion by the company is to fund the needs of BAIH BV towards investment opportunities, the filing said, adding that necessary approval for the additional investment in BAIH BV, which is a foreign subsidiary, has been obtained from the Reserve Bank of India.
The auto major's standalone net profit increased 3.27% to Rs 2,108.73 crore on a 5.72% jump in revenue from operations to Rs 12,806.85 crore in Q3 FY25 over Q3 FY24.
Bajaj Auto is engaged in the business of development, manufacturing, and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers, etc and parts thereof.
Shares of Bajaj Auto fell 1.14% to Rs 8,409.15 on the BSE.
0 mins read . Dec 18, 2024
0 mins read . Dec 18, 2024
0 mins read . Dec 18, 2024
