HighNegative
Announced Wed, 24 Jun · 13:46 IST
Bajaj Auto buyback record date today; shares decline 3% intraday. Details here
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Bajaj Auto shares fell about 3 percent intraday on the record date for its largest-ever share buyback of up to 46.94 lakh shares at Rs 12,000 apiece, totalling around Rs 5,632.8 crore, with the tendering window open from July 1 to July 7. Separately, the company disclosed a ransomware attack detected on June 23 impacting its systems and wholly owned subsidiary Bajaj Auto Technology Ltd, though scale of disruption remains unclear. Bajaj Auto also allotted 50,000 secured NCDs with face value of Rs 1 lakh each on a private placement basis, aggregating to about Rs 500.20 crore.