Bajaj Auto opens ₹5,633 crore share buyback on July 1
pre-market1 source ↓written by the desknot a recommendation
- share buyback
- ₹5,632.8 crore
- and conclude
- 1 July
- and conclude
- 7 July
- shares
- 46.94 lakh
- each
- ₹12,000
Bajaj Auto announced its ₹5,632.8 crore share buyback will commence on 1 July and conclude on 7 July. The company plans to repurchase up to 46.94 lakh shares at ₹12,000 each, representing 1.68% of its equity capital. The announcement has already lifted shares by 1.06% to ₹9,732 on the NSE.
This buyback could enhance shareholder value and may attract investor interest in the near term.
Not investment advice. For informational purposes only.