Bajaj Auto Buyback: Auto major Bajaj Auto announced a share buyback of ₹5,633 crore, its second in three years, along with the financial results for the January-March quarter of financial year 2025-26 (FY26) on Wednesday, 6 May.
Bajaj Auto said that it will buy back up to 4,694,000 fully paid-up equity shares of the company having a face value of ₹10 each, representing up to 1.68% of the total number of Equity Shares in the paid-up equity share capital.
Bajaj Auto has fixed the buyback price at ₹12,000 apiece, suggesting a premium of 16.3% over the last closing price of ₹10,314.60.
The buyback will be undertaken via the tender offer route. The company is yet to announce the record date for the said action.
Under its previous buyback, Bajaj Auto bought back its shares for ₹10,000, with the offer worth ₹4,000 crore.
Bajaj Auto dividend
Along with the buyback, the Pulsar manufacturer also declared a bumper dividend of ₹150 per share, subject to shareholders’ approval. The said dividend, if approved by the shareholders at the ensuing Annual General Meeting (AGM), will be credited/dispatched on or around 24 July 2026.
The dividend, if declared, shall be paid to the equity shareholders whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday, 29 May 2026, which is the Record Date fixed for the purpose, the company said.
(This is a developing story. Check back for updates.)