Bajaj Auto Share: How Much Can Investors Gain from its Share Buyback?
Bengaluru, June 22 -- The shares of this two-wheeler and three-wheeler manufacturing company that exports to 79 countries across several countries in Latin America, Southeast Asia, and many more are in the spotlight ahead of its June 24 buyback record date.
With a market capitalisation of Rs. 2,84,778 cr, the shares of Bajaj Auto Ltd were trading at Rs. 10188.95 per share, up from its previous close of Rs. 10,065.85 per share. The stock gained 23% over the past year, is up 6% year-to-date, has risen 11% over the last six months, but declined 4% in the past month.
The Premium and Offer Structure
Bajaj Auto has approved a massive Rs. 5,633 crore share buyback via the tender route at a set price of Rs. 12,000 per share. Compared to its cu...
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