Bajaj Auto Shareholders Set for Major Gain as Company Announces Rs 5,633 Crore Share Buyback Record Date

Bajaj Auto Shareholders Set for Major Gain as Company Announces Rs 5,633 Crore Share Buyback Record Date​

Bajaj Auto announced a significant development on Thursday, fixing the record date for its massive share buyback initiative. The two and three-wheeler manufacturer identified shareholders eligible to participate in the offer, setting up the event for future investors.

The company filing detailed that the Board of Directors' Buyback Committee established Wednesday, June 24, 2026, as the definitive record date. This action determines the entitlement and names of equity shareholders and beneficial owners who qualify for the opportunity.

Details of Rs 5,633 Crore Share Buyback Plan​

The buyback proposal was formally approved by the company's Board of Directors on May 6, 2026. Following this board approval, shareholders ratified the move on June 18, 2026. The total size of the purchase program is up to Rs 5,633 crore.

Under the announced terms, Bajaj Auto will repurchase equity shares at a price of Rs 12,000 per share, which will be settled in cash. The company has committed to repurchasing up to 46.94 lakh fully paid-up equity shares, each having a face value of Rs 10.

Stock Recovers and Closes Stronger Following Announcement​

Shares of Bajaj Auto saw a recovery from early losses on Thursday, settling comfortably near the day's high after the record date announcement. The scrip closed at Rs 10,096 per share on the NSE, marking an increase of 0.54 percent for the day.

During the trading session, the stock experienced volatility, slipping to an intraday low of Rs 10,001, which represented a 0.40 percent decline. Despite the temporary dip, the company's shares have maintained positive momentum, having advanced consistently for the last two consecutive trading sessions.