Key Points
MUMBAI - Bajaj Auto Ltd on Monday approved buyback of shares worth Rs 4,000 crore through the tender offer route...
The two-wheeler major will repurchase up to 40,00,000 shares for a price not exceeding Rs 10,000 a share, the company said in an exchange filing...
Dalal Street is set to rejoice this news, as the buyback price is at a whopping 43% premium to the current market price..
Last week, when Bajaj Auto had announced that its board would meet to consider share buyback, the stock scaled a lifetime high of Rs 7,084..
The last time Bajaj Auto had done the share buyback through the open market, however, this time it will be through the tender offer route...
You might be interested in
Bajaj Auto's Rs 4,000 crore share buyback: Dates, retail acceptance ratio, other details
05, Mar, 24Bajaj Auto's Rs 4,000 crore share buyback scheme opens tomorrow, with the company planning to buy back 40 lakh shares at a price of Rs 10,000 per share. The acceptance rate is expected to be around 26-30%, according to Nuvama. Analysts have recommended eligible shareholders of Bajaj Auto to tender their shares for the buyback.
Bajaj Auto stock in focus as board to consider buyback of shares today. Details here
08, Jan, 24Bajaj Auto's board of directors will meet today to consider a proposal of share buyback.
Ajanta Pharma share buyback record date set for Friday, March 24: Know key details here
17, Mar, 23Ajanta Pharma shares rose over half a percent to Rs 1201 on Friday. At the current price, the premium over the offer price stands at 18.7%.
Bajaj Auto shares hit record high as board to consider share buyback proposal
03, Jan, 24Shares of Bajaj Auto hit a record high during the trading session after the company announced the share buyback proposal.
Bulk Deals on July 17: Jindal Saw, Sotac Pharma, others exchange hands; check buyers, sellers
18, Jul, 23Nordic Microfinance has sold 15.61 lakh shares of Satin Creditcare Network at an average price of ₹175.45 per share, and 4.78 lakh shares at an average price of ₹176.19 per share.
ITC share price hits fresh all-time high today, gains 55% in one year; Should you buy, hold or sell ITC stock?
20, Apr, 23ITC shares have risen 55% in the last one year and 5% in the past one month. Axis Securities maintains a high conviction BUY on ITC with a target price of Rs 460 per share.
Wipro share price gains about 2% as firm may consider share buyback on April 27
24, Apr, 23On Friday, Wipro's shares closed at ₹368, reflecting a 1.5% increase in its stock price.
TCS announces share buyback dates, retail entitlement fixed at 17%
28, Nov, 23The buyback will remain open for tendering till December 7. For small shareholders, as defined by those with investments less than Rs 2 lakh, the entitlement ratio has been fixed at 1 equity share for every 6 shares held on the record date (i.e. November 25). The ratio comes to about 17%.
Last day today to buy Bajaj Auto shares for Rs 4,000 crore buyback. Worth a trade?
28, Feb, 24Today is the last day to buy Bajaj Auto shares for participating in the Rs 4,000 crore buyback offer. The record date to participate in the buyback is February 29. The buyback price is 18% higher than Tuesdays closing price of Rs 8,462 on BSE. The acceptance ratio in the retail category could be between 4% to 10%. The company has steady ROCE and stable revenue growth.
TCS share price hits 52-week high on buyback of shares. Experts see more rise
09, Oct, 23TCS share price may go up to ₹3,800 apiece in near term, believe stock market experts