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Bajaj Auto shares dropped nearly 3% intraday on June 28, 2026, as the company's buyback record date arrived, with the stock opening at ₹9,838 against a prior close of ₹10,025. The decline reflects the standard unwinding of buyback premium once the eligibility cutoff passes.
Bajaj Auto announced a Rs 5,633-crore share buyback, its largest ever, offering to repurchase up to 46.94 lakh shares at Rs 12,000 each, a 16% premium to the last closing price. The buyback covers 1.68% of paid-up equity capital and signals strong cash reserves.
Tag
Bajaj Auto shares dropped nearly 3% intraday on June 28, 2026, as the company's buyback record date arrived, with the stock opening at ₹9,838 against a prior close of ₹10,025. The decline reflects the standard unwinding of buyback premium once the eligibility cutoff passes.
2d ago · 3 min · Markets
Bajaj Auto announced a Rs 5,633-crore share buyback, its largest ever, offering to repurchase up to 46.94 lakh shares at Rs 12,000 each, a 16% premium to the last closing price. The buyback covers 1.68% of paid-up equity capital and signals strong cash reserves.
1mo ago · 2 min · Markets
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