Bajaj Auto announces mega buyback

The buyback size

Bajaj Auto has announced a buyback of Rs 4,000 crore. Swipe for the details.

The buyback price

The buyback will be executed through the tender offer route. The buyback price is Rs 10,000 per share, a 43% premium to the closing price on January 08, 2024.

Impact of the buyback

It aims to buy around 40 lakh shares, about 1.41% of the total outstanding shares. Note that no timeline for the buyback has been disclosed.

How it will be funded

It will fund the buyback through internal accruals. It has cash and current investments of around Rs 5,743 crore.

Investors’ corner

Interested shareholders should carefully weigh the company's potential for future growth and the offered premium before participating.

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