Bajaj Auto Buyback of ₹4,000 crores approved by the board of directors at the meeting was held on January 8, 2024. Bajaj Auto Buyback will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹10 each equity share at a price of ₹10,000 per Equity Share and for an aggregate amount not exceeding ₹4,000 crores from the shareholders. Check out Bajaj Auto Buyback 2024 details below:
Bajaj Auto Limited is an Indian multinational automotive manufacturing company based in Pune. Bajaj Auto is the world’s third-largest manufacturer of motorcycles and the second-largest in India. The company manufactures two-wheelers and three-wheelers like motorcycles, scooters and auto rickshaws. Bajaj Auto is a part of the Bajaj Group that was founded by Jamnalal Bajaj (1889–1942) in Rajasthan in the 1940s.
Bajaj Auto Buyback History
Bajaj Auto Buyback 2024 Dates
| Buyback Meeting Date: | January 8, 2024 |
| Buyback Announcement Date: | January 8, 2024 |
| Buyback Record Date: | February 29, 2024 |
| Last Date to Buy Shares: | February 28, 2024 |
| Buyback Open Date: | March 6, 2024 |
| Buyback Close Date: | March 13, 2024 |
| Finalization of Buyback Acceptance: | March 19, 2024 |
Bajaj Auto Buyback 2024 Offer Details
Bajaj Auto buyback of 40,00,000 equity shares at a price of ₹10,000 per equity share. The buyback offers not to exceed ₹4,000 crores of the total buyback offer size.
| Offer Amount: | ₹4,000 Crores |
| Number of Shares: | 40,00,000 Equity Shares |
| Face Value: | ₹10 per equity share |
| Buyback Price: | ₹10,000 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Bajaj Auto Buyback 2024 Acceptance Ratio
The investor should buy around 20 shares at a current market price of ₹7,110 (as of January 9, 2024). The calculation will be ₹2,00,000 / ₹10,000 buyback price = 20 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹142,200 | 6 | ₹17,340 |
| 50% | ₹142,200 | 10 | ₹28,900 |
| 75% | ₹142,200 | 15 | ₹43,350 |
| 100% | ₹142,200 | 20 | ₹57,800 |
Bajaj Auto Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹27,241 | ₹22,803 | ₹4,857 |
| 2022 | ₹33,145 | ₹27,886 | ₹6,166 |
| 2023 | ₹36,455 | ₹29,991 | ₹6,060 |
How to Participate in Bajaj Auto Buyback 2024
The investors are eligible for the buyback scheme who have Bajaj Auto shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Bajaj Auto Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the Bajaj Autoepted shares by the company under the Bajaj Auto buyback scheme.
Bajaj Auto Buyback 2024 Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Bajaj Auto Buyback 2024 Lead Managers
- Jm Financial Limited
Bajaj Auto Company Address
Bajaj Auto Limited
Pune Road, Akurdi
Pune – 411035
Phone: +91 20 27472851
Email: [email protected]
Website: https://www.bajajauto.com/
How to Apply the Bajaj Auto Buyback through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Bajaj Auto”. Click on Place Order. Enter your Quantity and submit Bajaj Auto Buyback Application Form.
How to Apply the Bajaj Auto Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the Bajaj Autoount Section. You will see the Company Name “Bajaj Auto”. Click on Bajaj Auto Stock for Buyback. Enter your Quantity and submit Bajaj Auto Buyback Application Form.
How to Apply the Bajaj Auto Buyback through Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Bajaj Auto. Enter your Quantity and submit Bajaj Auto Buyback Application Form.
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How to Apply the Bajaj Auto Buyback through Angel One?
Its not open yet, you can participate via Angel one application.