Bajaj Auto Launches Buyback Offer of Up To 46 Lakh Shares at INR 12,000 per Share
Bajaj Auto Limited has initiated a significant buyback program for its equity shares, offering up to 46,94,000 shares at a fixed price of INR 12,000/- per Equity Share. The offer is open through the Tender Offer route and will run from July 1, 2026, to July 7, 2026.The buyback is structured as a tender offer, offering shareholders an opportunity to liquidate part of their holdings. This move reflects the company’s commitment to rewarding its shareholders.
Key Details of the Buyback Offer
The transaction details have been released for market review, outlining the scope and timeline of the offer:| Activity | Date | Day |
|---|---|---|
| Buyback Opening Date | July 1, 2026 | Wednesday |
| Buyback Closing Date | July 7, 2026 | Tuesday |
| Last date of receipt of completed Tender Forms by the Registrar | July 7, 2026 | Tuesday |
| Last date of settlement of bids on Stock Exchanges | July 14, 2026 | Tuesday |
Financial Scope and Entitlement Ratio
The buyback is for a maximum aggregate amount of up to INR 5,632,80,00,000/- (Indian Rupees Five Thousand Six Hundred Thirty Two Crore and Eighty Lakh only), excluding Transaction Costs.The offer targets a maximum of 46,94,000 Equity Shares, representing up to 1.68% of the total paid-up equity share capital as of March 31, 2026. This size is within the statutory limit of 25% of the aggregate of fully paid-up equity share capital and free reserves based on audited standalone and consolidated financial statements for the period ended March 31, 2026.
The company has established two categories to determine the buyback entitlement:
- Reserved Category: For Small Shareholders (those holding shares with a market value not exceeding INR 2,00,000/- as of the Record Date).
- General Category: For all other Eligible Shareholders.
The entitlement ratios are set as follows:
| Category of Eligible Shareholder | Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 17 Equity Shares for every 61 Equity Shares held on the Record Date |
| General Category for all other Eligible Shareholders | 17 Equity Shares for every 525 Equity Shares held on the Record Date |
Financial Performance Analysis (Pre and Post Buyback)
The company has provided a detailed financial analysis reflecting the potential impact of the buyback, based on audited standalone and consolidated financial statements for the year ended March 31, 2026.Standalone Financial Indicators (INR in crore)
| Parameters | Pre-Buyback | Post-Buyback (Assuming Full Acceptance) |
|---|---|---|
| Net worth | 34,974.67 | 29,341.87 |
| Return on net worth (%) | 29.3% | 32.0% |
| Basic Earnings Per Equity Share (INR) | 352.0 | 358.0 |
| Book Value Per Equity Share (INR) | 1,251.3 | 1,067.7 |
Consolidated Financial Indicators (INR in crore)
| Parameters | Pre-Buyback | Post-Buyback (Assuming Full Acceptance) |
|---|---|---|
| Net worth | 38,831.99 | 33,199.19 |
| Return on net worth (%) | 29.0% | 31.4% |
| Basic Earnings Per Equity Share (INR) | 385.0 | 391.5 |
| Book Value Per Equity Share (INR) | 1,389.3 | 1,208.1 |
Transaction and Operational Details
The buyback process will be conducted through the Stock Exchange Mechanism, with BSE designated as the Designated Stock Exchange. The funds for the transaction will be sourced from the company’s free reserves, securities premium account, and other permissible sources.Key operational parties involved in the buyback include:
| Role | Entity Name |
|---|---|
| Manager to the Buyback | Kotak Mahindra Capital Company Limited |
| Registrar to the Buyback | KFin Technologies Limited |
| Broker to the Company | JM Financial Services Limited |
Shareholding Structure Update
As of the Record Date, which was set as June 24, 2026, the Promoter and Promoter Group hold 15,37,56,828 Equity Shares, representing 55.01% of the existing equity share capital. Assuming full acceptance of the buyback, this holding is projected to increase to 55.95% of the post Buyback equity share capital.Company Performance Summary (FY March 31, 2026)
The company demonstrated strong growth in its financial results for FY 2026:Standalone Financials
| Particulars | Amount (INR crore) | Change vs Previous Year |
|---|---|---|
| Revenue from operations | 58,732.48 | Higher by 17.4% |
| Net profit | 9,824.66 | Higher by 20.5% |
Consolidated Financials
| Particulars | Amount (INR crore) | Change vs Previous Year |
|---|---|---|
| Revenue from operations | 62,905.00 | Higher by 23.4% |
| Net profit | 10,574.50 | Higher by 44.4% |
BAJAJ-AUTO Stock Price Movement
As of 1:52 PM, shares of Bajaj Auto Limited are slipping by 1.86% in live trading, currently at ₹9660 as the company trades down an absolute ₹183. The stock saw high activity during the session, with a volume of 234,680 shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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