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bAjaz Auto buyback of Rs 2500 crores approved by the Board of Directors in the meeting held on June 27, 2022 will be done through the open market route through the stock exchange mechanism.
The Board of Directors of the Company has approved the buyback of its fully paid-up equity shares by the Company with the face value of each equity share not exceeding Rs.4,600 per equity share and the aggregate amount not exceeding Rs.2,500. crore from shareholders
Bajaj Auto buyback will be maximum 54,34,782 equity shares which will be 1.88% of the total number of paid-up equity shares of the company. If the equity shares are bought back at a price less than the maximum buyback price, the actual number of equity shares to be bought back may exceed the proposed buyback shares, but will always be subject to the maximum buyback size. The company shall use at least 50% of the prescribed amount as maximum buyback size for buyback i.e. Rs. 1,250 crore (“Minimum buyback size”). Based on the minimum buyback size and maximum buyback price, the company will buy a minimum of 27,17,392 equity shares.
The Bajaj Auto buyback details are as follows:
- Bajaj Auto Announcement Date: June 27, 2022, Monday
- Bajaj Auto Buyback Price: Rs 4,600 per equity share
- Bajaj Auto Buyback Size: Rs 120 crore
- Bajaj Auto Buyback Type: Open Market
- Bajaj Auto Buyback Equity Shares: 54,34,782 (1.88% of the total number of paid-up shares)
Please visit our Bajaj Auto Buyback 2022 page for more details.
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