Bajaj Auto announces record ₹5,633 crore buyback
pre-market1 source ↓written by the desknot a recommendation
- repurchasing shares worth
- ₹5,633 cr
- per share
- ₹12,000
- over the last
- 16% premium
- last close
- ₹10,383.35
- buyback will cover
- 46.94 lakh shares
Bajaj Auto has unveiled its largest share buyback plan, repurchasing shares worth ₹5,633 cr at ₹12,000 per share, a 16% premium over the last close of ₹10,383.35. The buyback will cover 46.94 lakh shares, equating to 1.68% of its paid-up capital. This move may enhance retail investor participation due to SEBI's requirement for small shareholder reservations.
• Acceptance ratio likely favorable for retail investors
• Buyback via tender method may increase demand
• Potential impact on share price dynamics
Not investment advice. For informational purposes only.