Bajaj Auto Limited on Monday submitted to BSE and NSE the shareholder and board resolutions approving a buyback of up to 46,94,000 fully paid-up equity shares at ₹12,000 per share, aggregating up to ₹5,632.80 crore, excluding transaction costs.
The buyback will be conducted through the tender offer route on a proportionate basis, using the stock exchange mechanism prescribed under SEBI’s Buyback Regulations, 2018. The buyback price of ₹12,000 per share represents a premium of approximately 26.31 per cent and 26.53 per cent to the volume-weighted average price on BSE and NSE, respectively, during the three months preceding April 30, 2026, the date of intimation to stock exchanges. It also carries a premium of around 25.76 per cent and 25.74 per cent over the closing price on April 29, 2026.
The shares proposed to be bought back represent up to 1.68 per cent of the company’s paid-up equity share capital as on March 31, 2026. The buyback size constitutes 16.93 per cent of the aggregate paid-up equity share capital and free reserves as per the audited standalone financial statements, and 15.59 per cent on a consolidated basis, both well within the statutory ceiling of 25 per cent.
The company’s aggregate paid-up equity capital and free reserves stood at ₹33,264.48 crore on a standalone basis and ₹36,128.51 crore on a consolidated basis as of March 31, 2026. Statutory auditors S R B C & Co LLP issued an unmodified report confirming the buyback amount falls within permissible limits under the Companies Act, 2013.
As per the disclosure, the Promoters and Promoter Group — which collectively hold approximately 55.01 per cent of the company’s equity — have declared their intention not to participate in the buyback. Bajaj Holdings & Investment Ltd. is the single largest shareholder with a 34.19 per cent stake. Their non-participation means the entitlement ratio for public shareholders will be proportionately higher.
The buyback will be funded from free reserves and the securities premium account. Borrowed funds from banks or financial institutions will not be used. The company must complete the buyback within one year of the shareholders’ special resolution.