Bajaj Auto Approves Rs 5,633 Crore Buyback for Up to 1.68 Percent Equity

Bajaj Auto Limited announced on May 6, 2026, that its board of directors approved a share buyback program valued at an aggregate amount of up to Rs 5,633 crore. The manufacturer plans to acquire up to 46.94 lakh fully paid up equity shares at a set price of Rs 12,000 per share. This is the company's first buyback program since February 2024, where the price per share was Rs 10,000.

The proposed buyback volume represents up to 1.68 percent of the total number of equity shares in the company's existing paid up capital. The share repurchase will be conducted on a proportionate basis through the tender offer route. The company noted that the initiative remains subject to shareholder approval, which will be sought through a special resolution via a postal ballot, alongside other statutory and regulatory clearances.

To manage the transaction process, the board has established a dedicated Buyback Committee. According to the pre buyback shareholding pattern recorded as of March 31, 2026, the promoter and promoter group held a 55.01 percent stake in the company. Indian public and corporate shareholders accounted for 20.94 percent, while domestic financial institutions and foreign investors held 14.47 percent and 9.58 percent respectively.