Two-wheeler major Bajaj Auto on Thursday fixed June 24 as the record date to determine shareholder eligibility for its biggest-ever share buyback worth Rs 5,633 crore. The company plans to repurchase shares at Rs 12,000 apiece, a premium of nearly 19.5% to the stock's previous closing price.In an exchange filing, Bajaj Auto said that its buyback committee decided on the record date for the purpose of determining the entitlement and eligibility of shareholders who can tender shares in the buyback.MORE TO COME...
Bajaj Auto sets June 24 as record date for Rs 5,632 crore share buyback. Here’s all you need to know
Bajaj Auto has set June 24 as the record date for its substantial Rs 5,633 crore share buyback. Shareholders will be eligible to tender shares at Rs 12,000 each. This price offers a significant premium over the stock's recent closing value. The buyback committee made this decision to determine shareholder entitlements.
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