Bajaj Auto shares gain 2% ahead of record date for its biggest buyback worth Rs 5,633 crore

Bajaj Auto's shares rose 2% ahead of the record date for its Rs 5,633 crore share buyback, the company's largest ever. The board approved repurchasing up to 46.94 lakh shares (1.68% of paid-up equity) at Rs 12,000 per share through the tender route, a premium of over 19% to the previous closing price. This follows the Rs 4,000 crore buyback conducted in 2024 at Rs 10,000 per share, with retail shareholders getting a reserved category under SEBI norms.