Breaking news: Bajaj Auto's shares hit all-time high with a massive buyback announcement! Find out more about this exciting development.
Bajaj Auto recently made headlines with its announcement of a significant share buyback program. The company's board approved a buyback of 40 lakh fully paid-up equity shares at a face value of ₹10 through the tender route. This move represents 1.41 percent of Bajaj Auto's outstanding shares and has sparked excitement in the market.
The stock market responded positively to the news, with Bajaj Auto's shares surging to a record high. Retail investors, however, may face a lower acceptance ratio, estimated to be in the range of 4-10 percent. Despite this, the buyback size represents a substantial 1.41 percent of the total equity shares of the company, showing a strong commitment to shareholders.
Nuvama Alternative & Quantitative Research's head, Abhilash Pagaria, predicts an institutional acceptance ratio of approximately 1.3%, indicating widespread market interest in Bajaj Auto's buyback offer. The company's stock pricing has also been a topic of discussion, with analysts suggesting a sell-on-rise strategy due to the current valuation.
In a strategic move, Bajaj Auto has rolled over its estimates to March 2026 from September 2025. Analysts have valued the standalone business at 16 times the March 2026 EPS, highlighting the company's long-term growth prospects.
Did you know? Bajaj Auto's share buyback represented an impressive 16.33 percent of the total paid-up equity share capital, demonstrating a strong financial position. Additionally, the stock's performance saw a remarkable 6% increase in a single trading day, marking a significant milestone for the company.
Bajaj Auto's share buyback represented 16.33 per cent of the total paid-up equity share capital and 14.49 per cent of free reserves as per the audited ...
Nuvama Alternative & Quantitative Research's head Abhilash Pagaria expects the general category (institutional) acceptance ratio to be approximately 1.3%, ...
Bajaj Auto: The brokerage has rolled over its estimates to March 2026 from September 2025. It valued the standalone business at 16 times March 2026 EPS of ...
Bajaj Auto buyback: In the opening trade on Tuesday, January 9, 2024, the company's shares traded higher by over 6 per cent and scaled to a fresh all-time ...
The company's board has approved the buyback of 40 lakh fully paid-up equity shares at a face value of ₹10 through tender route. “The Board has constituted a ...
The company is set to acquire 40 lakh shares through the tender route, equivalent to 1.41 percent of Bajaj Auto's outstanding shares.
As for the retail shareholders, initial calculations show a possible acceptance ratio in the range of 4-10 percent.
Shares of Bajaj Auto surged to a record high on Tuesday after the automaker said it would buy back shares worth up to 40 billion rupees (nearly $482 ...
Bajaj Auto's buyback size represents 40 lakh shares or 1.41% of the total number of equity shares of the company. Currently, promoter and promoter group ...
The buyback would be through tender offer on a proportionate basis, from equity shareholders including promoters, members of promoter group and persons acting ...