Bajaj Auto to buy back shares worth ₹2.5K cr at ₹4,600 each
Business Standard|June 28, 2022
Bajaj Auto has approved a buyback of shares worth up to ₹2,500 crore. The two-wheeler major intends to buy back 5.43 million shares, aggregating up to 1.88 per cent of its paid-up share capital via the open market at ₹4,600 per share.
ARINDAM MAJUMDER
Bajaj Auto to buy back shares worth ₹2.5K cr at ₹4,600 each

In 2000, shareholders had approved a buyback of up to 18 million equity shares at a price of ₹400 each.

Share purchases by companies and promoters are seen as a positive signal about the management's confidence in the fundamentals of a business.

The promoter group holds around 54 per cent share in the company.

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