Bajaj Auto announces share buyback worth Rs 4,000 crore, at Rs 10,000 per share

The company's board has approved the proposal for buyback of up to 4,000,000 shares of face value of Rs 10 each at a price of Rs 10,000 per share for a total consideration not exceeding Rs 4,000 crore, the Pune-based company said in a regulatory filing.

Bajaj Auto announces share buyback worth Rs 4,000 crore, at Rs 10,000 per share
The buyback is subject to approval of the shareholders. Image Courtesy: Reuters.

Bajaj Auto on Monday announced a share buyback worth Rs 4,000 crore.

The company's board has approved the proposal for buy back of up to 4,000,000 shares of face value of Rs 10 each at a price of Rs 10,000 per share for a total consideration not exceeding Rs 4,000 crore, the Pune-based company said in a regulatory filing.

The company's board has constituted a buyback committee and has delegated the power to do all such acts, deeds, matters and things as it may deem necessary, expedient or proper in connection with the offer, it added. The buyback is subject to approval of the shareholders.

Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

RECOMMENDED STORIES

https://www.zeebiz.com/market-news/news-short-term-investment-ideas-stocks-to-buy-for-15-days-axis-direct-recommends-fortis-healthcare-aegis-logistics-check-targets-334316

Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets

https://www.zeebiz.com/personal-finance/photo-gallery-ppf-interest-rate-maturity-retirement-corpus-planning-calculator-how-to-get-inr-rs-72000-month-tax-free-income-from-public-provident-fund-calculations-80c-tax-benefits-333983

PPF Calculations: How to get Rs 72,000 a month tax-free income from Public Provident Fund?

https://www.zeebiz.com/personal-finance/news-rs-1111-monthly-sip-for-40-yrs-11111-for-20-yrs-or-22222-for-10-years-which-works-best-at-same-expected-return-334395

Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?

https://www.zeebiz.com/personal-finance/photo-gallery-power-of-compounding-how-soon-will-monthly-sip-of-rs-11000-reach-rs-8-crore-corpus-target-retirement-financial-planning-with-sip-calculator-334296

Power of Compounding: How soon will monthly SIP of Rs 11,000 reach Rs 8 crore corpus target?

https://www.zeebiz.com/personal-finance/photo-gallery-rs-3500-monthly-sip-for-35-years-vs-rs-35000-monthly-sip-for-16-years-which-can-give-you-higher-corpus-in-long-term-compound-interest-benefits-mutual-fund-return-calculator-retirement-planning-334249

Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations

Written By: PTI
Updated: Tue, Jan 09, 2024
10:30 PM IST
PTI
RELATED NEWS
Bajaj Auto probing 'smoke emission' from EV scooter component Bajaj Auto probing 'smoke emission' from EV scooter component
Bajaj Auto stock falls 2% after price cuts on Freedom 125 bikes Bajaj Auto stock falls 2% after price cuts on Freedom 125 bikes

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x