Bajaj Auto Buyback: Record Date Announced

Buyback Details • Buyback Price: ₹12,000 per share • Buyback Size: ₹5,633 Cr • Shares to be Bought Back: 46,94,000 equity shares • Buyback Route: Tender Offer Retail Shareholder Category • Retail Reservation: 7,04,100 shares • Record Date: 24 June 2026 What It Means • Shareholders holding shares as of the record date will be eligible to participate in the buyback. • The buyback price represents a premium to the prevailing market price, making the offer attractive for eligible shareholders. • The retail reservation provides a dedicated quota for shareholders with holdings valued up to ₹2 lakh on the record date. Why It Matters • Buybacks are a capital allocation tool used to return excess cash to shareholders. • Reduction in outstanding shares can improve earnings per share (EPS) and return ratios. • The acceptance ratio will be a key factor in determining the actual benefit to participating shareholders. Learning Outcome In tender offer buybacks, investors should evaluate the buyback premium, retail entitlement, expected acceptance ratio, and post-buyback valuation rather than focusing only on the buyback price.