Bajaj Auto announces ₹5,633 cr buyback plan
pre-market1 source ↓written by the desknot a recommendation
- share buyback
- ₹5,633 cr
- turn ex-date
- 24 June 2023
- plans to repurchase
- 46.94 lakh shares
- each
- ₹12,000
Bajaj Auto announced a ₹5,633 cr share buyback, set to turn ex-date on 24 June 2023. The company plans to repurchase 46.94 lakh shares at ₹12,000 each via the tender route. Notably, promoters will not participate, potentially enhancing the entitlement ratio for eligible shareholders. 📈
This buyback could positively impact shareholder sentiment and trading volumes leading up to the record date.
Not investment advice. For informational purposes only.