Bajaj Auto buyback to close today: Should you tender shares in Rs 5,633 crore buyback? Here's what analysts say

Bajaj Auto's Rs 5,633 crore share buyback, which opened on July 1, is closing with the company offering to repurchase 46.94 lakh shares (1.68% of paid-up capital) at Rs 12,000 per share. Promoters and promoter groups have indicated they will not participate in the offer. Analysts from SBI Securities and INVasset PMS have advised eligible shareholders, particularly those in the small shareholder reserved category, to tender shares, estimating returns of 9.5% to 14.9% assuming an acceptance ratio of 45% to 65%.