Bajaj Auto Shares buyback: Bajaj Auto Share Price NSE India
Bajaj Auto is doing a buyback of its shares today. This means they’re offering to buy back some of their own shares from investors. If you own Bajaj Auto shares by the end of today, you can sell them back to the company as part of this buyback. The price they’re offering for each share is ₹10,000, which is higher than the current market price of around ₹8,000.
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Bajaj Auto buyback details
Bajaj Auto Ltd told the Indian stock market that they’re following up on their previous announcements from January 8 and February 15, 2024. They’ve decided, with the approval of their board of directors and company members, to buy back up to 40,00,000 fully paid-up equity shares. These shares have a face value of ₹10 each and will be bought at ₹10,000 per share. The total cost won’t exceed ₹4,000 crore, excluding extra fees and taxes.
Bajaj Auto buyback record date
Bajaj Auto announced that according to certain rules set by the Securities and Exchange Board of India, they have chosen February 29, 2024, as the date to determine which shareholders are qualified to participate in their buyback program. However, they haven’t revealed the specific dates or terms of the buyback offer yet. If you bought Bajaj Auto shares before February 28, 2024, and still own them after today’s market closing, you may be able to sell them back to the company during the offer period.
Sure! Here’s a simpler version: “If you want to join Bajaj Auto’s offer to buy back shares and get a share of the Rs 4,000 crore, today’s your last chance to buy. You need to have the shares by February 29 to be eligible. The buyback price is 18% more than what the shares were worth on Tuesday. If you’re a regular investor, you might get between 4% to 10% of your shares accepted. Bajaj Auto has been making steady profits and its revenue keeps growing steadily.”
What Should Investors Do Bajaj Auto buyback?
Amar Nandu, who works as a Research Analyst at Samco Securities, suggests that regular people who own shares should sell all of their shares back to the company because they could make some extra money from it. He thinks there’s a good chance that many of these shareholders will be able to sell their shares back to the company at a higher rate, especially since there aren’t many shareholders who own a small number of shares.
About Bajaj Auto Limited
Over a hundred years ago, a generous person did something really new: they used their business to help people. That person was Mr. Jamnalal Bajaj, the founder of the Bajaj Group. He believed that what’s good for everyone is more important than what’s good for just one person.
His sons, Mr. Kamalnayan Bajaj and Mr. Ramkrishna Bajaj, continued his ideas. Now, Mr. Rahul Bajaj leads the group. They’ve kept this belief alive, and it’s helped the group become very successful and respected.
Today, the Bajaj Group is a big deal in the business world. It’s worth about US$105 billion and has 40 companies with around 36,000 workers. They make lots of different things like bikes, home stuff, energy stuff, and more.
But Bajaj isn’t just a company; it’s also making a big difference in society. It helps people in many ways, making millions of people happy. In India, when people think of Bajaj, they think of those two words that mean a lot: “Hamara Bajaj,” which means “Our Bajaj.
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