Bajaj Auto: Shareholders Approve 5632 Crore Buyback 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

+1.3%Reaction day

₹10078.00

prior close

₹10181.00

announcement price

In-mkt

timing

Nifty 100market+0.5%+0.9% vs market

2/3 Wheelers peers, median of 7sector+0.2%+1.1% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty 100 and 1.1 pts more 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

-0.1

15m

-0.3

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3+0.5+0.9+0.2+1.1

Next day

-1.3-0.7-0.6+3.0-4.3

-3.2-0.0-3.2+1.0-4.2

-2.3+0.1-2.4+1.0-3.2

-4.1-0.4-3.6-0.9-3.2

-3.8-0.7-3.2+0.7-4.5

-2.4+0.6-2.9+5.0-7.3

15d

+0.9+0.0+0.9-2.3+3.2

+9.3-0.1+9.4-0.1+9.4

+17.0+1.1+15.9+14.0+3.0

+12.6-2.5+15.1+8.1+4.5

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 shareholders approved a buyback of up to 46.94 lakh equity shares (1.68 percent of paid-up capital) at INR 12,000 per share, totalling up to INR 5,632.80 crore. The price is at a premium of about 26 percent to the 3-month volume weighted average market price on BSE and NSE. Buyback will be done via the tender offer route on the stock exchange. Promoters will not participate. Funded from free reserves and securities premium, within the 25 percent statutory limit.

Likely market impact

Positive for eligible shareholders who can tender shares at a 26 percent premium to market. Should lift earnings per share and returns. Promoters not participating.