Bajaj Auto announces ₹5,633 crore share buyback plan
after close1 source ↓written by the desknot a recommendation
- ₹5,633 crore
- offering
- 16% premium
- ₹12,000 per share
- repurchasing
- 46.94 lakh shares
- of its paid-up
- 1.68%
Bajaj Auto has unveiled its largest-ever share buyback of ₹5,633 crore, offering a 16% premium at ₹12,000 per share. The plan involves repurchasing up to 46.94 lakh shares, representing 1.68% of its paid-up capital. This buyback is subject to shareholder approval at the upcoming AGM, with the tender route being used for execution. 📈
The announcement is likely to enhance shareholder value and may positively influence market sentiment towards the stock.
Not investment advice. For informational purposes only.