Bajaj Auto’s ₹5,633 Crore Buyback: Record Date Tomorrow, June 24, 2026
Bajaj Auto share price rose over 2.5% on June 22 as investors focused on the company's upcoming share buyback. The stock touched an intraday high of ₹26.60 and traded higher ahead of the June 24 record date.
The record date will determine which shareholders are eligible to participate in the company's largest-ever buyback programme.
Key Details of the Buyback
In May 2026, Bajaj Auto's board approved a buyback of up to 46.94 lakh equity shares with a face value of ₹10 each.
Key highlights include:
- Buyback size: ₹5,633 crore
- Number of shares: Up to 46.94 lakh
- Buyback price: ₹12,000 per share
- Method: Tender offer route
- Record date: June 24, 2026
The buyback represents around 1.68% of the company's total paid-up equity capital and offers a premium of more than 19% over the stock's previous closing price.
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Why the Buyback Matters?
A share buyback allows a company to repurchase its own shares from shareholders, usually at a premium to the market price. Such actions are often viewed as a sign of management's confidence in the business and can improve shareholder value over time.
This buyback follows Bajaj Auto's ₹4,000 crore repurchase programme in 2024, which was conducted at ₹10,000 per share.
Bajaj Auto Share Price Movement
As of June 23, 2026, Bajaj Auto share price (NSE: BAJAJ-AUTO) was trading at ₹10,117 on the NSE, down 0.73% or ₹74 from the previous close. The stock opened at ₹10,249 and touched an intraday high of ₹10,259 before slipping to a low of ₹10,113. Bajaj Auto currently commands a market capitalisation of around ₹2.83 lakh crore and trades at a price-to-earnings (P/E) ratio of 26.37.
Conclusion
Bajaj Auto's ₹5,633 crore buyback offers shareholders an opportunity to tender shares at a premium price of ₹12,000 per share. Existing shareholders may benefit the most, while new investors should carefully assess potential returns before participating solely for buyback gains.
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Published on: Jun 23, 2026, 12:15 PM IST
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