Announced Mon, 22 Jun · 15:43 IST
Bajaj Auto buyback of up to 5,633 crore at INR 12,000 per share
BAJAJ-AUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.4%1-day move
₹10207.00
prior close
₹10249.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.2-0.2-0.1-4.4-3.5-5.3-5.1-3.5-4.2+1.0+10.6——
Up moveDown movePending
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.