Bajaj Auto begins Share Buyback Worth Rs.2500 Crore
Bajaj Auto begins Share Buyback Worth Rs.2500 Crore
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Indian multinational automotive manufacturing company Bajaj Auto Ltd on Monday announced the start of its Rs 2,500 share buyback programme. The Pune-based company said in a regulatory filing that the buyback proposal started on July 4 and will last for one year.

The proposal for the buyback of current shareholders, excluding promoters and promoter group, who hold fully paid-up equity shares of the firm with a face value of Rs 10 apiece, was authorised by the board of the company at its meeting on June 27.

According to the announcement, the repurchase/share buyback will be carried out for a total of up to Rs 2,500 crore at a price per equity share that does not exceed Rs 4,600, or 9.61 percent of the total paid-up share capital of the firm.

Shares of Bajaj Auto are currently quoted  (During Mid-noon Session) at Rs.3,657.95  up by Rs. 33.95 or 0.92% from its previous closing price of Rs 3,624.60 on NSE.

Bajaj Auto's Shares Decline right after the Buyback

Bajaj Auto board approves to buyback shares at Rs4,600 per share

FPIs sold Indian shares worth USD 6.44 billion in June

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