Notes to Consolidated Financial
Con_Note41

41

Consolidated related party transactions are same as related party transactions of standalone Bajaj Auto Ltd. except for following transactions which are additional in consolidated financial statements:

(₹ In Crore)

Name of related party

Nature of transaction

2024–25

2023–24

Transaction value

Outstanding amounts carried in the Balance Sheet

Transaction value

Outstanding amounts carried in the Balance Sheet

     

Bajaj Finance Ltd.

Services rendered

–

–

–

–

Investment in/(redemption of) fixed deposit

223.50

223.50

–

–

Interest income/(reversal) on fixed deposit

8.06

7.56

–

–

Services received

0.08

(0.01)

–

–

Assets Purchased (includes laptop, cars and other assets)

3.01

0.11

1.11

–

Maharashtra Scooters Ltd.

Purchases (including services received)

–

–

0.07

–

Bajaj Allianz General Insurance Co.

Premium Paid

2.89

3.23

0.02

(0.01)

Commission on premium

0.75

0.75

–

–

Bajaj Allianz Life Insurance Co.

Premium Paid

0.26

0.70

0.26

(0.03)

Hind Musafir Agency

Services received

0.75

–

0.43

–

Bajaj Auto Employees Superannuation Fund

Superannuation contribution

0.30

–

–

–

Yulu Bikes Pvt Ltd

Purchases (including services received)

–

–

7.59

–

Sales (including capital assets)

–

–

65.50

–

Services rendered

–

–

0.04

–

Bajaj FinServ Direct Limited

Support charges and Commission on leads

0.37

–

–

–

Bajaj Auto Senior Staff Group Gratuity Fund

Gratuity contribution

2.50

–

–

–

Bajaj Financial Securities Ltd.

Reimbursement of NPS Payment

–

–

0.01

–

Pierer Bajaj AG

Loan advanced to Pierer Bajaj AG

455.59

460.45

71.90

71.90

Loan repayment from Pierer Bajaj AG

(36.37)

36.84

–

–

Interest on Loan

7.92

5.10

1.39

1.39

Convertible Bond *

460.45

460.45

–

–

* The Group has invested in convertible notes in bearer form (the ‘Bonds’) issued by Pierer Bajaj AG (associate of the Company) to finance the funding requirements of KTM AG, Austria (as explained in Note 45(g)). The investment has been/will be utilised by the associate for its intended purpose. Each bond has a par value of EUR 100,000 and is convertible, at the option of the holder, into equity shares of Pierer Bajaj AG starting from 01 June 2025. The bonds will bear interest at a floating rate based on the 12-month EURIBOR plus spread on the principal amount payable annually.