Bajaj Auto Limited has issued the letter of offer for its buyback of up to 46,94,000 fully paid-up equity shares with a face value of Rs 10 each, at a price of Rs 12,000 per share. The aggregate buyback size is up to Rs 5,632.80 crore excluding transaction costs.
The shares being bought back represent up to 1.68% of the total paid-up equity share capital as of March 31, 2026. The buyback size constitutes 16.93% of the aggregate fully paid-up equity share capital and free reserves based on audited standalone financial statements, and 15.59% based on audited consolidated financial statements as of the same date.
The board approved the buyback proposal on May 6, 2026. Shareholders passed a special resolution approving the buyback on June 18, 2026. The public announcement was made on June 19, 2026, and published on June 22, 2026.
The record date for determining buyback entitlement was June 24, 2026. The buyback will open on July 1, 2026, and close on July 7, 2026. Settlement of bids on the stock exchanges is scheduled for July 14, 2026.
Small shareholders are entitled to 17 equity shares for every 61 shares held on the record date. The general category of eligible shareholders is entitled to 17 equity shares for every 525 shares held. The buyback is being conducted through the tender offer route on a proportionate basis.
Kotak Mahindra Capital Company Limited is the manager to the buyback. KFin Technologies Limited is the registrar. The letter of offer has been dispatched electronically to eligible shareholders as of the record date.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.