Bajaj Auto board to consider share buyback proposal
after close1 source ↓written by the desknot a recommendation
- to discuss
- 6 May 2024
- executed in 2024
- ₹4,000 cr buyback
- in 2024
- ₹10,000 per share
Bajaj Auto's board will meet on 6 May 2024 to discuss a buyback of fully paid-up equity shares. This follows a ₹4,000 cr buyback executed in 2024 at ₹10,000 per share. The move aims to enhance shareholder returns and support stock prices amid strong earnings and cash reserves.
• Previous buyback in 2024
• Strong earnings momentum from premium motorcycle sales
• Details on quantum and method to be revealed post-meeting
Not investment advice. For informational purposes only.