Bajaj Auto Brings Good News for Shareholders

Bajaj Auto will commence its ₹5,632 crore share buyback programme from Tomorrow. As part of the buyback, the company will repurchase nearly 46.94 lakh equity shares at a price of ₹12,000 per share. The offer will remain open until July 7, according to the company's regulatory filing.

The Bajaj Auto Board approved the buyback proposal on May 6. Later, shareholders gave their approval through a special resolution passed via postal ballot on May 14. The buyback is aimed at returning surplus cash to shareholders and enhancing shareholder value.