Bajaj Auto Limited Extinguishes 46,94,000 Shares Following Buyback Transaction
Bajaj Auto Limited has completed the extinguishment of fully paid-up equity shares resulting from its tender offer buyback. The company confirmed that 46,94,000 Equity Shares, each with a face value of INR 10/-, were destroyed, bringing significant changes to the issued share capital structure.The Buyback was completed at a price of INR 12,000/- per Equity Share, accounting for an aggregate amount of INR 5,632,80,00,000/-. The extinguishment process involved shares held in both dematerialized and physical forms.
Share Capital Reconciliation
The cancellation of these shares revised the issued, subscribed, and fully paid-up share capital of Bajaj Auto Limited. Prior to the transaction, the company had 27,94,97,838 Equity Shares outstanding with a corresponding value of INR 279,49,78,380. Following the extinguishment, this figure reduced to 27,48,03,838 Equity Shares, valued at INR 274,80,38,380.The detailed reconciliation of the company's share capital, pre and post the extinguishment, is presented below:
| Particulars | Pre-Extinguishment (Shares) | Pre-Extinguishment (Value in INR) | Post-Extinguishment (Shares) | Post-Extinguishment (Value in INR) |
|---|---|---|---|---|
| Issued, Subscribed and Fully Paid-Up Share Capital | 27,94,97,838 | 279,49,78,380 | 27,48,03,838 | 274,80,38,380 |
Details of Extinguished Shares
The total number of extinguished shares, 46,94,000, was composed as follows:- Demat Form: 46,93,979 Equity Shares were bought back and extinguished through the dematerialized form.
- Physical Form: A small batch of 21 Equity Shares in physical form were also extinguished.
Pre and Post Buyback Shareholding Pattern
The buyback resulted in a shift in the shareholder composition of Bajaj Auto Limited. The pre-buyback holding patterns stood as follows, with Promoters and Promoter Group holding 55.01% of the equity capital.| Category of Shareholder | Pre-Buyback Shares Held | % to Existing Capital | Post-Buyback Shares Held | % to Post Buyback Capital |
|---|---|---|---|---|
| Promoters and Promoter Group | 15,37,56,828 | 55.01% | 15,37,56,828 | 55.95% |
| Foreign Investors (FIIs/NRIs) | 2,74,04,679 | 9.80% | 12,10,47,010 | 44.05% |
| Financial Institutions/ Banks/ Mutual Funds | 3,82,13,028 | 13.67% | 12,10,47,010 | 44.05% |
| Others (Public and Bodies) | 6,01,23,303 | 21.51% | 12,10,47,010 | 44.05% |
The figures related to the shareholding pattern show that while Foreign Investors and Financial Institutions maintained holding numbers post-buyback, their percentage representation in the capital market increased from pre-buyback levels.
BAJAJ-AUTO Stock Price Movement
Shares of Bajaj Auto Limited shed 1.35% today, settling at ₹11132 after a volatile session. The equity had previously touched its 52-week high of ₹11331 during trading, as 433,124 shares traded through the close.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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