Bajaj Auto Announces ₹5,633 Crore Share Buyback at ₹12,000 Per Share
Bajaj Auto announces ₹5,633 crore share buyback at ₹12,000 apiece. Details here
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Bajaj Auto, a major player in the Indian automotive sector, has announced a ₹5,633 crore share buyback, its second in three years, at a price of ₹12,000 per share. This represents a 16.3% premium over the last closing price. Additionally, the company declared a dividend of ₹150 per share, pending shareholder approval.
- 01Bajaj Auto's share buyback totals ₹5,633 crore.
- 02The buyback price is set at ₹12,000 per share, a 16.3% premium over the last closing price.
- 03This is the company's second buyback in three years.
- 04Bajaj Auto also announced a dividend of ₹150 per share, subject to approval.
- 05The record date for the dividend is set for May 29, 2026.
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Bajaj Auto, a prominent Indian automobile manufacturer, has declared a ₹5,633 crore share buyback, which marks its second buyback in three years. The company will repurchase up to 4,694,000 fully paid-up equity shares at a price of ₹12,000 each, reflecting a 16.3% premium over the last closing price of ₹10,314.60. The buyback will be executed through a tender offer, although the record date for this action is yet to be announced. In conjunction with the buyback, Bajaj Auto has proposed a dividend of ₹150 per share, pending approval from shareholders at the upcoming Annual General Meeting (AGM). If approved, the dividend will be credited around July 24, 2026, to shareholders registered by the record date of May 29, 2026.
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The share buyback and dividend announcement could enhance shareholder value and provide additional income for investors, potentially influencing stock market performance.
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