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The board of Bajaj Auto Ltd on Monday approved buyback of company shares at ₹10,000 a share.
The board approved a proposal for buy-back of up to 40 lakh fully paid-up shares, representing 1.41 per cent of the total number of equity shares of the company, for a consideration not exceeding ₹4,000 crore.
The buyback would be through tender offer on a proportionate basis, from equity shareholders including promoters, members of promoter group and persons acting in concert, as on the record date, which will be announced later.
Published on January 8, 2024
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