Bajaj Auto has launched a ₹5,632.80 crore share buyback program at ₹12,000 per share. The tender offer runs until July 7, 2026, aiming to return cash to shareholders. Promoters will not participate, increasing their stake.

Bajaj Auto Announces Rs 5,632 Crore Share Buyback

Bajaj Auto is set to buy back 46.94 lakh shares at ₹12,000 each, totaling ₹5,632.80 crore.
The buyback, conducted via tender offer, opens July 1, 2026, and closes July 7, 2026.

Reader Takeaway: Large shareholder return via buyback; potential tax impact for participants.

What Just Happened

Bajaj Auto Limited has initiated a share buyback program through the tender offer route. The company plans to repurchase 46.94 lakh equity shares at a price of ₹12,000 per share. This move represents an aggregate buyback size of ₹5,632.80 crore.
The buyback process will commence on July 1, 2026, and conclude on July 7, 2026. A record date of June 24, 2026, has been set to determine eligible shareholders.

Why This Matters

This buyback is a significant capital allocation strategy aimed at returning surplus cash to shareholders. It can boost earnings per share by reducing the total number of outstanding shares. The buyback price of ₹12,000 is a premium to recent market prices, offering a potential profit opportunity for tendering shareholders. The decision by promoters not to participate is also noteworthy, as it will increase their proportionate ownership in the company.