Bajaj Auto nears record date for Rs 5,633 crore share buyback at 19% premium. Should you participate? (opens original article in a new tab)

Bajaj Auto announced a Rs 5,633 crore share buyback at a 19% premium, with analysts estimating 11% returns for investors, and 15% of the buyback reserved for small shareholders.

• Bajaj Auto set June 24 as record date for Rs 5,633 crore share buyback at Rs 12,000 per share, 19% premium to previous closing price.
• Analysts estimate 11% returns for investors, with small shareholders eligible for reserved category with 15% of buyback reserved for them.
• Buyback reflects company's strong balance sheet and confidence in business fundamentals, with potential for higher returns if stock price rises or acceptance ratio increases.