Bajaj Auto, a leading two-wheeler manufacturer in India, announced its largest-ever share buyback program worth ₹5,633 crore at a buyback price of ₹12,000 per share, which is a 12% premium over the last closing price of ₹10,711.50 on the National Stock Exchange (NSE). The company plans to buy back up to 46.94 lakh shares, accounting for 1.68% of its total paid-up capital. The buyback will occur via the tender route, subject to approval at the upcoming Annual General Meeting (AGM). Notably, 15% of the total buyback size is reserved for small shareholders, translating to approximately 7.04 lakh shares worth ₹844.92 crore. Analysts suggest that the acceptance ratio for retail investors is around 11%, which may improve due to the non-participation of promoters, thereby reducing competition for shares. This buyback reflects Bajaj Auto's strong financial position and confidence in its long-term growth prospects. Investors are advised to monitor the upcoming record date and related announcements before making participation decisions.