Bajaj Auto has announced a share buyback at a price of ₹12,000 per equity share, representing a premium of approximately 16.3% over the company’s closing market price of ₹10,319 on May 6, 2026.
The premium calculation is based on the difference between the buyback price and the closing stock price:
- Buyback price: ₹12,000
- Closing price: ₹10,319
- Difference: ₹1,681
This translates into a premium of nearly 16.3%.
The company’s board approved the buyback of up to 46.94 lakh equity shares at ₹12,000 per share for an aggregate amount of up to ₹5,633 crore through the tender offer route.
According to the filing, the proposed buyback size represents up to 1.68% of the company’s total paid-up equity share capital.
Bajaj Auto further stated that the buyback is subject to shareholder approval through postal ballot and other regulatory approvals.
The company also noted that under SEBI buyback regulations, the board or buyback committee may revise the buyback price upward and reduce the number of shares proposed to be bought back before the record date, without changing the overall buyback size.