Creditors of Austrian motorbike maker KTM AG have approved a restructuring plan that will write off 70% of the company's debt. The plan requires KTM to secure ₹548 million in funding by May 23 to pay creditors and resume production with new investments from an extended circle of shareholders, including Bajaj Auto.
from Auto-Industry-Economic Times https://ift.tt/VwRSk3J
Subscribe to:
Post Comments (Atom)
-
Mahindra, in collaboration with Warner Bros. Discovery, has launched the limited-run BE 6 Batman Edition electric SUV, inspired by Christoph...
-
At present, the carmaker has tied up with 20 partners across vehicle needs, mobility services and lifestyle companies to offer exclusive ben...
-
PUBG Mobile developer has expressed concern and surprise over the recent ban and arrest of 10 college students in Rajkot, Gujarat, for playi...
No comments:
Post a Comment