Bajaj Auto shareholders approve ₹5,632.8 crore buyback
after close1 source ↓written by the desknot a recommendation
- 46,94,000 shares
- ₹12,000 per share
- of the company's
- 16.93%
Bajaj Auto shareholders approved a buyback of up to ₹5,632.8 crore for 46,94,000 shares at ₹12,000 per share. This represents a premium of 26.31% over the average market price on BSE. The buyback constitutes 16.93% of the company's equity share capital as of March 31, 2026.
The record date for eligibility is set for June 24, 2026. This move may enhance shareholder value and improve market sentiment.
Not investment advice. For informational purposes only.