Key Points
The Rs 4,000 crore share buyback scheme of Bajaj Auto opens tomorrow under which the two-wheeler and three-wheeler maker will buy back 40 lakh shares, which is 1.41% of total outstanding shares, at an attractive price of Rs 10,000 per share, through the tender route...
Bajaj Auto shareholders as of the record date of February 29 are eligible to apply for the special situations opportunity...
Therefore, a minimum of 26% of shares will be accepted, with the final acceptance likely to be closer to 26-30%, Nuvama said.. Bajaj Auto share buyback dates..
Analysts have recommended eligible shareholders of Bajaj Auto to tender their shares for the buyback as the buyback price is at a higher premium of Rs 10,000 and presents a decent arbitrage trade opportunity for existing investors...
Currently, the share is trading at 32.4 PE multiple and 8.2 PB multiple at the price of Rs. 8,462 (Tuesdays closing price), whereas the price offered in buyback is Rs 10,000, portraying an attractive valuation, Amar Nandu, Research Analyst Samco Securities, said...
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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.
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