Bajaj Auto buyback of up to 5,633 crore at INR 12,000 per share

Buyback Premium Above 10pctCorporate Actions View source PDF Explain this filing

BAJAJ-AUTO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.5%Reaction day

₹10207.00

prior close

₹10249.00

announcement price

After-mkt

timing

Nifty 100market-1.2%-1.3% vs market

2/3 Wheelers peers, median of 7sector+2.0%-4.5% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty 100 and 4.5 pts less than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.2

15m

-0.2

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.5-1.2-1.3+2.0-4.5

Next day

-4.4-0.5-3.9+0.8-5.3

-3.5-0.4-3.1-0.4-3.1

-5.3-0.9-4.4-1.8-3.5

-5.1-1.2-3.9-0.8-4.3

-3.5-0.6-3.0-0.0-3.5

-4.2+0.4-4.5+3.8-8.0

15d

+1.0-0.3+1.4-2.2+3.2

+10.6-1.1+11.7+3.7+6.9

+15.6+0.6+14.9+14.0+1.6

+11.9-2.4+14.3+7.9+4.0

UpDownMarket · Nifty 100Sector · 2/3 Wheelers peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bajaj Auto board and shareholders have approved a buyback of up to 46.94 lakh equity shares (1.68 percent of total) at INR 12,000 per share, aggregating up to INR 5,632.80 crore, through the tender offer route. The buyback price offers about a 25 to 26 percent premium over recent market prices on BSE and NSE. Promoters will not participate. Funded from free reserves and securities premium. Buyback to be completed within one year.

Likely market impact

Shareholders get to tender shares at a healthy 26 percent premium; may support stock price and lift earnings per share.