Bajaj Auto buyback opens: Check out entitlement ratio, closing date and other details
Bajaj Auto buyback price: The two-wheeler and three-wheeler maker plans to buy back 40 lakh shares at Rs 10,000 apiece through a tender route worth Rs 4,000 crore in its buyback offer—1.41% of total outstanding shares
Bajaj Auto buyback opens: Bajaj Auto shares on Wednesday, March 6, took centre stage on D-Street as the automotive manufacturer's Rs 4,000 crore buyback programme opens today.
Bajaj Auto buyback price and mode
The two-wheeler and three-wheeler maker plans to buy back 40 lakh shares at Rs 10,000 apiece through a tender route worth Rs 4,000 crore in its buyback offer—1.41% of total outstanding shares
The price is at a significant premium of 21.8 per cent against the previous close of Rs 8,207.30 on the NSE (March 5).
Bajaj Auto, in a statement dated February 16, said, "This is in furtherance of our disclosure dated February 19, 2024, in relation to the public announcement for buyback of up to 40,00,000 (Forty Lakhs) fully paid-up equity shares of the company having a face value of Rs 10 each for Rs 10,000/- (Rupees Ten Thousand Only) per equity share for an aggregate amount not exceeding Rs 4,000 crore (Rupees Four Thousand Crore Only) excluding transaction costs, applicable taxes, and other incidental and related expenses (“Buyback”).
Bajaj Auto buyback open date 2024, Bajaj Auto buyback closing date
The buyback offer, which opens today (March 6), will conclude on March 13, Wednesday.
Bajaj Auto buyback record date
The record date for the buyback offer was February 29, 2024. The record date is the cut-off date for determining the entitlement and the names of the equity shareholders who will be eligible to participate in the buyback.
Bajaj Auto entitlement ratio
Reserved Category for Small Shareholders: Seven shares for every 27 shares held on the record date.
General category for all other eligible shareholders: One share for every 82 shares held on the record date.
For all other news related to business, politics, tech 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
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
11:41 AM IST