Bajaj Auto buyback record date nears. Should you participate in ₹5,633 crore share repurchase deal? (opens original article in a new tab)

Bajaj Auto is conducting a ₹5,633 crore share buyback, offering a 19% premium, with a record date of 24 June. Analysts note modest returns for new investors due to low acceptance ratios.

• Bajaj Auto's board approved a share buyback of 46.94 lakh equity shares at ₹12,000 per share, a 19% premium over the previous closing price.
• The record date for the ₹5,633 crore buyback is 24 June, with a theoretical entitlement ratio of 4.5–5% for retail investors.
• Analysts suggest the buyback is favorable for existing shareholders but offers modest returns for new retail investors due to low acceptance ratios.