Bajaj Auto Limited has informed the Exchange about Buyback

Buyback Premium Above 10pctCorporate Actions View source PDF

BAJAJ-AUTO · price

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▲ 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

+3.0%1-day move

₹10390.00

prior close

₹10582.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.4-0.3+0.5+0.8+3.0+2.0+0.1-1.0+0.5-1.9+0.9-2.0-2.7—

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AI summary

Bajaj Auto Limited's Board has approved a buyback of up to 4.69 million equity shares (1.68% of paid-up capital) at INR 12,000 per share, totaling up to INR 5,633 crores. The buyback will be conducted via tender offer route and is subject to shareholder approval via postal ballot and regulatory clearances. The record date for determining eligible shareholders will be announced later. Pre-buyback shareholding shows promoters hold 55.01%, public shareholders 20.94%, and institutional investors about 24% of the company.

Likely market impact

The INR 12,000 buyback price represents a significant premium to the face value of INR 10, signaling management confidence in undervaluation. This cash return to shareholders (about 1.68% of capital) could provide near-term support to the stock price.