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What is the story about?
Two and three-wheeler manufacturer Bajaj Auto Ltd on Thursday (June 18) has fixed June 24, 2026, as the record date for its ₹5,633 crore share buyback, determining the shareholders eligible to participate in the offer.
The company said its Buyback Committee has approved Wednesday, June 24, 2026, as the record date for determining the entitlement and names of equity shareholders and beneficial owners who will be eligible to participate in the buyback.
The buyback was approved by the company's Board of Directors on May 6, 2026, and subsequently by shareholders on June 18, 2026. Under the buyback, Bajaj Auto will repurchase up to 46.94 lakh fully paid-up equity shares with a face value of ₹10 each at a price of ₹12,000 per share, payable in cash.
Also Read:Bajaj Auto says exports and EV demand are helping cushion two-wheeler slowdown
The total buyback size is up to ₹5,633 crore, excluding transaction costs such as brokerage charges, taxes, filing fees, advisory and legal expenses, publication costs, printing and dispatch expenses, and other related costs.
Buyback Method
Bajaj Auto will be repurchasing its shares through the tender offer route. This is currently the only prevalent mechanism in India to buy back equity shares.
A tender offer route means that the company will repurchase its shares from existing shareholders at a fixed, pre-determined price, which, in this case, is ₹12,000.
What Is Different from the 2024 Buyback?
Back in 2024, Bajaj Auto had repurchased 1.41% of its outstanding equity at a price of ₹10,000 a share. The stock currently trades above those levels. The 2024 buyback was also carried out via the tender offer route.
Also Read: Rajiv Bajaj to step down from Bajaj Finserv board, cites growing responsibilities at Bajaj Auto Shareholding Pattern
Bajaj Auto now has close to 3 lakh retail shareholders, or those with authorised share capital of up to ₹2 lakh. This is higher than the 1.87 lakh shareholders that the company had at the end of the December 2023 quarter. However, the percentage of stake they hold is nearly the same at 5.62% currently from 5.43% back in December 2023.
Promoters of the company own a 55% stake at the end of the March quarter. Mutual Fund shareholding has increased from 5.32% to 7.17% over the last two years.
Shares of Bajaj Auto Ltd ended at ₹10,088.50, up by ₹51.05, or 0.51%, on the BSE.
Also Read: Explained — Why Bajaj Auto shares are declining on Wednesday
The company said its Buyback Committee has approved Wednesday, June 24, 2026, as the record date for determining the entitlement and names of equity shareholders and beneficial owners who will be eligible to participate in the buyback.
The buyback was approved by the company's Board of Directors on May 6, 2026, and subsequently by shareholders on June 18, 2026. Under the buyback, Bajaj Auto will repurchase up to 46.94 lakh fully paid-up equity shares with a face value of ₹10 each at a price of ₹12,000 per share, payable in cash.
Also Read:Bajaj Auto says exports and EV demand are helping cushion two-wheeler slowdown
The total buyback size is up to ₹5,633 crore, excluding transaction costs such as brokerage charges, taxes, filing fees, advisory and legal expenses, publication costs, printing and dispatch expenses, and other related costs.
Buyback Method
Bajaj Auto will be repurchasing its shares through the tender offer route. This is currently the only prevalent mechanism in India to buy back equity shares.
A tender offer route means that the company will repurchase its shares from existing shareholders at a fixed, pre-determined price, which, in this case, is ₹12,000.
What Is Different from the 2024 Buyback?
Back in 2024, Bajaj Auto had repurchased 1.41% of its outstanding equity at a price of ₹10,000 a share. The stock currently trades above those levels. The 2024 buyback was also carried out via the tender offer route.
Also Read: Rajiv Bajaj to step down from Bajaj Finserv board, cites growing responsibilities at Bajaj Auto Shareholding Pattern
Bajaj Auto now has close to 3 lakh retail shareholders, or those with authorised share capital of up to ₹2 lakh. This is higher than the 1.87 lakh shareholders that the company had at the end of the December 2023 quarter. However, the percentage of stake they hold is nearly the same at 5.62% currently from 5.43% back in December 2023.
Promoters of the company own a 55% stake at the end of the March quarter. Mutual Fund shareholding has increased from 5.32% to 7.17% over the last two years.
Shares of Bajaj Auto Ltd ended at ₹10,088.50, up by ₹51.05, or 0.51%, on the BSE.
Also Read: Explained — Why Bajaj Auto shares are declining on Wednesday
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