Bajaj Auto Approves Buyback of 46.94 Lakh Shares at ₹12,000

Bajaj Auto Ltd has announced the approval of a buyback of up to 46,94,000 equity shares, representing approximately 1.68% of the total paid-up equity share capital. The buyback will be conducted at a price of ₹12,000 per share, payable in cash. The total aggregate amount for the buyback is up to ₹5,632.80 crore, excluding transaction costs. This buyback is being executed through the tender offer route in accordance with the Companies Act, 2013, and SEBI's Buyback Regulations. The company has provided certified true copies of the special resolution passed by shareholders and board resolutions approving the buyback.