Bajaj Auto Ltd on Wednesday announced the completion of acquisition of a majority stake in Austrian bike maker KTM following receipt of necessary approvals from European regulators for its €800-million transaction.

The company has also changed the name of Pierer Bajaj AG (PBAG) to Bajaj Auto International Holdings AG and PIERER Mobility AG (PMAG) -- the holding company of KTM AG, the shares of which are listed on SIX Swiss Exchange in Zurich and Vienna Stock Exchange -- to Bajaj Mobility AG, Bajaj Auto said in a regulatory filing.

Earlier this month the company had stated that out of nine regulatory approvals it had received eight and on November 10, it had received notification from the European Commission for the same.

In May this year, Bajaj Auto announced its intention to acquire a

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