Bajaj Auto Buyback 2022 announced on 14 June 2022. The Bajaj Auto buyback to start from 04 July 2022 and closes on 03 jan 2023(10 october 2022). The Company will do Buyback with equity of 54,34,782 Equity Shares around 9.61% of Face Value ₹10/ Each Fully paid off at a Price Of ₹4600/- Per Equity. The size of this Buyback is about ₹2500 Crores. And this will be done through a Buyback Open Market.
Bajaj Auto, the flagship company of Bajaj Group,is a two-wheeler and three-wheeler manufacturing company that exports to 79 countries across several countries in Latin America, Southeast Asia, and many more. Its headquarter is in Pune, India.Bajaj Auto is the world’s third-largest manufacturer of motorcycles and the second-largest in India. It is the world’s largest three-wheeler manufacturer In December 2020, Bajaj Auto crossed a market capitalisation of ₹1 lakh crore (US$13.6 billion), making it the world’s most valuable two-wheeler company.
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The company has acquired 48% of the KTM Brand which manufactures sports and super sports two-wheelers, which was 14% in 2007 when the company first acquired KTM brand. Bajaj Auto Ltd. manufactures small-displacement KTM & Husqvarna motorcycles at its Chakan plant in Maharashtra, which are exported all over the world.
Update :- Bajaj Auto has bought back over 64 lakh shares from public shareholders for Rs 2,499.97 crore under its share buyback exercise. Its Buyback Committee at its meeting approved the completion and closure of the exercise from October 10, 2022. It has bought back 64,09,662 equity shares, utilising an aggregate amount of Rs 2,499.97 crore. The total amount earmarked for the purpose was up to Rs 2,500 crore.
Necessity of the Buyback :
- The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.
Bajaj Auto Buyback 2022 Offer Details:
|Buyback Type||Open Market|
|Buyback Record Date||Open Market|
|Buyback Offer Amount||₹2500 Cr|
|Date of Board Meeting approving the proposal||14 June 2022|
|Date of Public Announcement||14 Jun 2022|
|Buyback Offer Size||9.61%|
|Buyback Number of Shares||54,34,782|
|Face Value||₹10/- Rs.|
|Buyback Price||₹4600/- per share.|
Bajaj Auto Buyback 2022 Dates :
We have covered all important dates related to “Bajaj Auto Buyback 2022” Buyback Activity Dates are updated as they are announced.
|Board Meeting for Buyback proposal||14 June 2022|
|Buyback Approval date||14 June 2022|
|Public Announcement Date||14 June 2022|
|Buyback Record Date||Open Market|
|Buyback Opening Date||04 July 2022|
|Buyback Closing Date||03 Jan 2023 10 Oct 2022|
Bajaj Auto Limited Financial Report (in Cr) :
Quick Link :
■ Publication Letter
■ Letter of Offer
Registrar of The Buyback :
KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Manager of The Buyback :
JM Financial Consultants Private Limited
141 Maker Chamber III,
Nariman Point, Mumbai 400 021
Email: [email protected]
Phone: (91 22) 6630 3030
Fax: 91 22) 2204 7185
Company Address :
Bajaj Auto Limited,
Akurdi. Pune 411 035, India.
Tel +91 20 27472851
Fax +91 20 27473398
Email Address: [email protected]
How to Participate in Bajaj Auto Ltd buyback?
The Investors are eligible for the buyback scheme who have Bajaj Auto shares in their Demat account as the Record date is Not Declare as the offer is Open Market. Investors can participate in the Bajaj Auto Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Bajaj Auto buyback scheme.
How to apply for Bajaj Auto buyback zerodha?
You can apply for the buyback, follow the steps below:
- Visit console.zerodha.com.
- Click on the context menu and then Portfolio.
- Click on Corporate actions.
- Click the Buybacks tab, tap on Bajaj Auto and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Bajaj Auto buyback on Groww?
You can apply for the buyback, follow the few steps below: This feature not applicable on Groww App only available on Groww Website.
- Visit the official Groww website.
- Search Bajaj Auto Buyback in the search option.
- You can see Bajaj Auto buyback result in search option tap on the Bajaj Auto buyback.
- You will reach the Bajaj Auto buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Bajaj Auto buyback on upstox?
You can apply for the buyback, follow the few steps below:
- Login to the Upstox app using your 6-digit PIN or biometrics.
- Click on the Account Section on your right bottom corner (Applicable New upstox app).
- Click ‘Account’, then ‘Corporate actions’ and then Buyback / Delisting/ Takeover.
- Select the Bajaj Auto stock for buyback.
- Enter the quantity and click on apply.
- If you have submitted your POA, then the buyback will be confirmed.
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Bajaj Auto Buyback 2022 FAQs:
When is Bajaj Auto Buyback Announcement Date?
Bajaj Auto buyback 2022 announcement date is 14 June 2022.
When is Bajaj Auto Buyback Open Date?
Bajaj Auto buyback Open date is 04 July 2022.
When is Bajaj Auto Buyback Close Date?
Bajaj Auto buyback Close date is 03 Jan 2023(10 Oct 2022).
When is Bajaj Auto Buyback Record Date?
Bajaj Auto buyback 2022 Record date is Not Declare as the offer is Open market.
What is Bajaj Auto Buyback Price?
Bajaj Auto company has fixed the price at ₹4600 per share.
What is Bajaj Auto Buyback Offer Size?
Bajaj Auto company Buyback Offer Size is ₹2500 Cr.
How to apply for Bajaj Auto Buyback 2022?
As per the record date you need to have Bajaj Auto shares in your Demat account. You can participate in buyback after having the stock in your account.
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