Bajaj Auto Limited informed stock exchanges that its shareholders have approved a buyback of equity shares. The special resolution was passed via postal ballot on 18 June 2026, with the announcement made on 22 June 2026.
The buyback involves up to 46,94,000 fully paid-up equity shares of face value Rs 10 each, at a price of Rs 12,000 per share. This represents 1.68% of the total paid-up equity capital and an aggregate amount of Rs 5,632.80 crore, excluding transaction costs.
The buyback will be conducted on a proportionate basis through the tender offer route. 15% of the total shares proposed for buyback, or the number entitled to small shareholders as on the record date, whichever is higher, will be reserved for small shareholders. The record date will be determined by the board or buyback committee.
The buyback period commences from the declaration of postal ballot results until the payment of consideration to shareholders. Bajaj Auto Limited will fund the buyback from free reserves, securities premium account, or other permitted sources.
The board may increase the buyback price or decrease the number of shares proposed, provided the total buyback size remains unchanged, until one working day prior to the record date. All eligible shareholders, except those prohibited by authorities, can participate in the buyback.
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.