Bajaj Auto to consider share buyback in board meeting on January 8

The company had last done a share buyback worth Rs 2,500 crore in 2022, at Rs 4,600 per share.

By Autocar Professional Bureau

03 Jan 2024

2779 Views

Bajaj Auto to consider share buyback in board meeting on January 8

Bajaj Auto announced today that its board of directors will consider a share buyback on January 8. It told the exchanges that the decision would be made at the meeting of its board.

"We wish to inform you that, the board of directors of the Company at its meeting scheduled to be held on Monday, 08 January 2024 (“Board Meeting”), inter alia will consider a proposal to buyback of fully paid-up equity shares of the Company."

The company had last done a share buyback worth Rs 2,500 crore in 2022, at Rs 4,600 per share.

On Wednesday, as of 3:05 pm, Bajaj Auto's shares were up 5.2 percent at Rs 7,009.15 apiece.

Also read: ‘2W FAME subsidy framework needs to be revamped’: Bajaj Auto’s Eric Vas

Also read: Electric two wheeler market has started to consolidate in favour of larger players, says Bajaj Auto's Rakesh Sharma