Bajaj Auto share buyback: Approved
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The board of Bajaj Auto Ltd has announced a Rs 4,000 crore share buyback plan at a price of Rs 10,000 per share through the tender offer route and on a proportionate basis. On BSE, Bajaj Auto shares closed at Rs 6,985.70 on Monday. The Bajaj Auto's proposed buyback price suggests a 43.14 per cent premium over this price.
Bajaj Auto share price jumped 5 percent on January 9 after the company announced an attractive share buyback price of Rs 10,000 per share. However, while the buyback price looks attractive, most retail shareholders may not be able to receive this bonanza, as the small size of the buyback offer will limit the acceptance ratio to under 10%, according to Nuvama calculations.
Highlights:
Company- Bajaj Auto
Issue Type- Tender
Buyback Price- Rs. 10,000 Per Share
Current Price- Rs. 6,984 Per Share
Buyback Size- 40 Lac share
Buyback Size in value- Rs. 4,000 Crore
Premium to CMP- ____
Record Date for Buyback : To Be Announced
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how does one apply for buyback online
basic process is to go to Corporate Actions and you will find buyback option there
Why is the company offering 3k more than cmp ?
to indicate trust in their shares, the confidence of management
However, while the buyback price looks attractive, most retail shareholders may not be able to receive this bonanza, as the small size of the buyback offer will limit the acceptance ratio to under 10%, according to Nuvama calculations.
So just like IPO luck based? no guarantee of atleast 1 share buyback 🤔
High chances of 1 share buyback, 6L shares r reserved so until 6L retailers applying for buyback 1 share will be accepted
Better to invest in F&O during this period and get better rewards.
great.