Bajaj Auto launches buyback at ₹12,000 per share via NSE's tender platform
Bajaj Auto will buy back up to 46,94,000 shares at ₹12,000 each. Bidding runs July 1-7, 2026. Shareholders can tender via NSE's web-based platform.
What changed
- Bajaj Auto offers to buy back 46,94,000 equity shares at ₹12,000 per share.
- Buyback is a fixed-price tender offer, lot size 1 share.
- Issue period: July 1 to July 7, 2026; bidding 9:15 a.m. to 3:30 p.m. daily.
The read
This circular operationalises the Tender Offer Scheme framework for Bajaj Auto's buyback. The company will repurchase up to 46,94,000 shares at ₹12,000 each – a fixed price that currently sits well above the market price, offering a clear incentive for shareholders to tender. Kotak Mahindra Capital is the merchant banker; Kfin Technologies handles registrations. Bidding is entirely electronic via NSE's platform. For investors, this is a straightforward corporate action: decide whether to exit at the offer price, or hold. The circular adds no new rules; it is an execution notice.
Primary source: official circular (PDF)