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Bajaj Auto 2022 Buyback Announced On June 27, 2022 Bajaj Auto Buyback The opening date is July 4 and will close on January 3, 2023. Buyback of Bajaj Auto the record date is not available as it is an open market repurchase offer. The investor should purchase the Bajaj Auto shares before the record date to get the buyback eligibility.
Bajaj Auto Buyback of Rs 2500 crore approved by the board of directors in the meeting held on June 27, 2022. Bajaj Auto Buyback will be done through the open market route through the mechanism of stock market The board of directors of the company approved the repurchase by the company of its fully paid up equity shares of the face value of ₹10 each equity share at a price not exceeding ₹4,600 per equity share and for a total amount not exceeding ₹2500 crore from the shareholders. Check out Bajaj Auto Repurchase 2022 details below:
Bajaj group company Bajaj Auto Limited is a manufacturer of motorcycles, scooters and three-wheelers. They are the number one motorcycle exporter in India. The company launched brands like Boxer, Caliber, Pulsar and many more. They launched India’s first real cruiser bike, Kawasaki Bajaj Eliminator. They are also the largest three-wheeler manufacturer in the world. Bajaj Auto is the first two-wheeler and three-wheeler company in the world to reach a market capitalization of INR 1 trillion.
Bajaj Auto Buyback 2022 Dates and Timings Table
| Buyback meeting date: | June 27, 2022 |
| Buyback announcement date: | June 27, 2022 |
| Repurchase registration date: | Open Market |
| Redemption opening date: | July 4, 2022 |
| Purchase closing date: | January 3, 2023 |
| Completion of buyback acceptance: | [.] |
Bajaj Auto Buyback Offer 2022 Details
Buy Bajaj Auto from 54,34,782 equity shares at a price of ₹ 4600 per equity share. The buyback offers not to exceed 2500 million rubles of the total size of the repurchase offer.
| Bid Amount: | ₹ 2500 crore |
| Number of shares: | 54,34,782 Equity shares |
| Apparent value: | ₹10 per capital share |
| Buyback price: | ₹4600 per capital share |
| List: | BSE and NSE |
| Repurchase Type: | Open Market |
| Letter of offer: | Click here |
Bajaj 2022 Auto Buyback Acceptance Ratio
Investor should buy about 43 shares at current market price of ₹ 3855 (as on 27 June 2022). The calculation will be ₹2,000 / ₹4,600 buyback price = 43 shares.
| Acceptance ratio | investment | Buyback of shares | benefit |
| 33% | R$ 167,608 | 14 | ₹10,430 |
| 50% | R$ 167,608 | 21 | ₹15,645 |
| 75% | R$ 167,608 | 32 | ₹23,840 |
| 100% | R$ 167,608 | 43 | ₹32,035 |
Bajaj Auto Financial Report
| ₹ in Crores | |||||
| course | income | expense | PAT |
||
| 2020 | ₹31642 | ₹24826 | ₹5100 | ||
| 2021 | ₹29018 | ₹22819 | ₹4555 | ||
| 2022 | ₹34354 | ₹27579 | ₹5019 | ||
How to participate in Bajaj Auto Buyback 2022
Investors are eligible for the buyback plan who hold Bajaj Auto shares in their Demat account as Open Market. Eligible share holders can participate in the Bajaj Auto Buyback Scheme 2022 as per the opening form by selling their shares. The payment will be made in accordance with the shares accepted by the company under the Bajaj Auto buyback scheme.
Bajaj Auto Buyback 2022 Registration
KFin Technologies Limited
Selenium Tower B, Plot no. 31-32,
Gachibowli, Financial District
Nanakramguda, Seri, Hyderabad 500032, Telangana
Telephone: 040-67161500, 67162222, 33211000
Fax; 040-23420814, 23001153
Website: http://www.kfintech.com
Top Managers of Bajaj Auto Buyback 2022
- JM Financial Consultants Private Limited
Bajaj Auto Company Address
Bajaj Auto Limited
Mumbai-Pune Highway, Akurdi,
Mumbai – 411035, Maharashtra
Phone: 022-27472851
Fax: 022-27407380
E-mail: [email protected]
Website: http://www.bajajauto.com
How to apply automatic Bajaj buyback through Zerodha?
Log in to the console on the Zerodha website or app. Go to Portfolio and click on Corporate Shares. You will see the company name “Bajaj Auto”. Click Place Order. Enter your quantity and submit the Bajaj Auto Purchase Request Form.
How to apply Bajaj auto buyback using Upstox?
Log in to the Upstox app with your credentials. Select the Account section. You will see the company name “Bajaj Auto”. Click on Bajaj Auto Stock for Buyback. Enter your quantity and submit the Bajaj Auto Purchase Request Form.
How to Apply Bajaj Auto Redeem Using Paytm Money?
Login to Paytm Money app with your credentials. Select Bajaj Auto. Enter your quantity and submit the Bajaj Auto Purchase Request Form.
Bajaj 2022 Auto Buyback FAQ
When is the record date of Bajaj Auto Buyback 2022?
Bajaj 2022 auto buyback record date is Open Market.
When is Bajaj Auto Buyback 2022 Opening Date?
What is Bajaj Auto Buyback 2022 Price?
How to apply for Bajaj Auto Buyback 2022?
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