Bajaj Auto Shares Plummet as Ransomware Attack Hits Systems; Stock Turmoil Amid Buyback Record Date

Bajaj Auto Shares Plummet as Ransomware Attack Hits Systems; Stock Turmoil Amid Buyback Record Date​

Shares of Bajaj Auto saw a sharp decline on June 24, emerging as one of the top Nifty losers. The drop came after the automaker disclosed that its systems and those of its subsidiary, Bajaj Auto Technology, were impacted by a ransomware cyberattack.

The announcement sent market volatility through the stock, despite the company confirming prompt and necessary mitigation efforts following the security incident. This setback arrived while investors were simultaneously focused on the record date for the company's substantial share buyback plan.

Impact of Ransomware Attack on Auto Giant​

Bajaj Auto Ltd. confirmed that a cybersecurity incident involving a ransomware attack had occurred, affecting its operations alongside those of its wholly-owned subsidiary, Bajaj Auto Technology Limited. The company filed the information with the stock exchanges in response to the breach.

The incident took place on June 23, 2026, at approximately 8:00 a.m. (IST). Upon discovering the attack, the management and technical teams mobilized immediately. They began implementing various protocols and precautionary measures designed to mitigate the impact of the cyber threat.

Bajaj Auto has stated that its response has been successful based on all information available currently. Furthermore, in compliance with the Information Technology Act, 2000, the incident has been formally communicated to CERT-In.

Stock Performance Following Security Disclosure​

The company's stock experienced trading turbulence following the news. At 10:05 a.m. on June 24, Bajaj Auto shares were being traded at Rs 9,809 apiece, reflecting a decline of 2.1%. This performance led to it becoming one of the day’s worst performers in the Nifty index.

Record Date and Share Buyback Details​

Despite the cyberattack news, Wednesday, June 24, is designated as the record date for Bajaj Auto's massive share buyback initiative. Investors who held shares on Tuesday, June 23, will be eligible to participate in this corporate action.

This buyback, which was initially announced alongside the company’s March quarter results, involves repurchasing up to 46.94 lakh equity shares. The acquisition is set at a tender offer route price of Rs 12,000 per share.

The proposed buyback size amounts to Rs 5,632 crore. This represents 1.68% of the company's total outstanding equity shares and underscores the ongoing financial confidence in the automaker.