Announced Mon, 22 Jun · 21:47 IST
Bajaj Auto shareholders approve Rs 5,633 crore share buyback
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
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Up moveDown movePending
AI summary
Bajaj Auto shareholders have approved a buyback of up to 46.94 lakh equity shares at Rs 12,000 per share, for an aggregate of up to Rs 5,632.80 crore through the tender offer route. This is 1.68 percent of paid-up equity capital. The buyback price offers about 26 percent premium over 3-month VWAP. Promoters will not participate. 15 percent reserved for small shareholders.
Likely market impact
Positive capital return signal for shareholders; may support share price near term. Promoters opting out may limit the reduction in share supply.