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.
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