Bajaj Auto Limited has informed the Exchange regarding Outcome of Board Meeting held on May 06, 2026 - Buyback.
BAJAJ-AUTO · price
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Bajaj Auto's Board has approved a buyback of up to 4,694,000 fully paid-up equity shares (1.68% of total paid-up capital) at INR 12,000 per share, totaling up to INR 5,633 crores. The buyback will be executed through the Tender Offer route on a proportionate basis. The buyback is subject to shareholder approval via postal ballot and other regulatory approvals. The company has formed a Buyback Committee to handle the process. The record date will be announced separately. Pre-buyback shareholding shows promoters holding 55.01%, while public shareholders hold about 21%.
The buyback at INR 12,000 per share signals management's confidence in the company's intrinsic value and provides a potential floor for the stock price. This will return capital to shareholders while potentially improving per-share metrics for remaining investors.