Outcome of Board Meeting held on 06 May 2026, inter alia, to consider and approve buyback of fully paid-up equity shares of the company. This is to be considered as a part of the outcome ....
BAJAJ-AUTO · price
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Bajaj Auto's Board has approved a buyback of up to 4,694,000 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 through the Tender Offer route, requiring shareholder approval via postal ballot and regulatory clearances. The company has formed a Buyback Committee to manage the process. Pre-buyback shareholding shows promoters hold 55.01%, while Indian public and corporates hold 20.94%. The record date for determining eligible shareholders will be announced later.
The buyback offers shareholders a 100% premium over face value (INR 10), providing an opportunity to exit at a significantly higher price. This signals management confidence in the company's intrinsic value and is positive for remaining shareholders through improved earnings per share.