Bajaj Auto Buyback 2026: All You Need to Know
Bajaj Auto's ₹5,633 crore buyback enters the record date stage. Here's everything investors need to know about the buyback price, eligibility, retail quota, acceptance ratio and tender timeline.
Bajaj Auto shares were in focus on June 24 as the stock turned ex-date for its ₹5,633 crore buyback. The company plans to repurchase 46.94 lakh shares at ₹12,000 apiece, while eligible investors now await details around the acceptance ratio and tender process.
Bajaj Auto Buyback 2026: Bajaj Auto shares slipped nearly 3% on 24 June, the record date for the company's biggest-ever share buyback worth ₹5,632.8 crore. As the stock turned Wednesday ex-date for the buyback, investors are now evaluating whether participating in the tender offer can still generate returns.
As of 24 June 2026, 3.30 PM
The company plans to repurchase up to 46.94 lakh shares at ₹12,000 per share, a premium of nearly 19% from Wednesday's trading price. The buyback will be conducted through the tender offer route, and promoters have decided not to participate, increasing the portion available for public shareholders.
Details Of Bajaj Auto's Buyback 2026?
Here are the key details of the Bajaj Auto Buyback 2026 that every investor should know.
|
Criteria |
Details |
|---|---|
|
Buyback Size |
₹5,632.8 crore |
|
Buyback Price |
₹12,000 per share |
|
Bajaj Auto closing (24 June 2026) |
₹9,755 per share |
|
Premium offered |
~20% as on 24 June closing |
|
Number of buyback shares |
46.94 lakh shares |
|
Record Date |
24 June 2026 |
|
Method |
Tender Offer |
|
Retail Reservation |
15% of total buyback (7.04 lakh shares) |
|
Acceptance ratio |
10% to 25% |
|
Promoter Participation |
No |
Source: Company filings and exchange disclosures.
What Happens in a Tender Route Share Buyback?
In a tender route share buyback, eligible shareholders can offer their shares to the company during the buyback period at the price fixed by the company.
The buyback price is usually higher than the prevailing market price. However, the company may not accept all the shares tendered by investors. Instead, shares are accepted based on the final acceptance ratio and the number of shares reserved for different investor categories.
This is why the acceptance ratio becomes one of the most important factors in determining an investor's actual return from a buyback.
Why is 24 June 2026 Important?
24 June is the record date fixed by Bajaj Auto to determine shareholder eligibility for the buyback.
Investors who purchased shares on or before 23 June and held them as of the record date will be eligible to tender their shares in the buyback offer. Shares bought on 24 June or later will not qualify.
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How Big is Bajaj Auto Buyback?
This is the largest buyback announced by Bajaj Auto so far.
The company plans to spend up to ₹5,632.8 crore to repurchase shares, representing approximately 1.68% of its total paid-up equity capital.
Why Did Bajaj Auto Announce A Buyback?
A share buyback is viewed as a sign that management believes the stock is undervalued and wants to return excess cash to shareholders.
₹12,000 buyback price was set at a 20% premium to the prevailing market price, indicating management's confidence in the company's long-term prospects.
What is the Retail Investor Quota?
Retail shareholders have a separate reservation under the buyback.
Out of the total 46.94 lakh shares, around 7.04 lakh shares have been reserved for retail investors, accounting for 15% of the total buyback size. This improves the chances of acceptance for eligible retail shareholders.
Will Promoters Participate in Bajaj Auto Buyback?
No.
Bajaj Auto has clarified that promoters, promoter group entities, and persons in control of the company do not intend to participate in the buyback. This leaves a larger pool available for public shareholders.
When Will Bajaj Auto Buyback Open?
The tender period for the buyback is expected to begin on 1 July 2026 and remain open until 7 July and eligible shareholders will be able to tender their shares during the offer period.
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What Should Investors Watch Now?
The most important factor for investors is the acceptance ratio, which determines how many shares the company will buy back from each shareholder.
While the buyback price offers a premium over the market price, actual returns will depend on the final acceptance ratio and the stock's performance after the buyback process concludes.
Final Words
Bajaj Auto's ₹5,633 crore buyback is the largest in the company's history and offers shareholders an opportunity to tender shares at ₹12,000 apiece. However, investors should remember that returns depend not only on the buyback price but also on the final acceptance ratio and post-buyback market conditions.