Bajaj Auto Buyback: Bajaj Auto has announced June 24, 2026, as the record date for its Rs 5,632 crore share buyback programme. Shareholders holding equity shares as of the close of business on this date will be eligible to participate in the buyback.
Earlier, the company had approved the buyback of up to 46.94 lakh equity shares at a price of Rs 12,000 per share through the tender offer route, which is one of the largest buybacks by the two-wheeler giant and offers a significant premium compared to the market price at the time of announcement.
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Bajaj Auto Buyback
- Buyback Size: Rs 5,632-5,633 crore
- Buyback Price: Rs 12,000 per equity share
- Shares to be Bought Back: Up to 46.94 lakh shares
- Record Date: June 24, 2026
- Buyback Type: Tender Offer
The buyback was initially approved by the Board in early May 2026. It is aimed at returning surplus cash to shareholders and is expected to be accretive to earnings per share (EPS) over time.
Bajaj Auto, in an exchange filing, has said that this has reference to our letters dated 6 May 2026 and 18 June 2026, informing that the Board of Directors and the shareholders of the company, respectively, have approved the buyback of up to 4,694,000 fully paid-up equity shares of the company, having a face value of Rs 10 each, at a price of Rs 12,000 per equity share, payable in cash, for an aggregate amount of up to Rs 5,632,800,000.
Bajaj Auto Share Price
Share of Bajaj Auto closed at 10,088.50 on the BSE today, June 18, up Rs 51.05 or 0.51 per cent.
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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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