Bajaj Auto: Announces Buyback Through Open Market Route | ET Now | Latest News

Bajaj Auto Ltd. announced a Rs 2,500 crore buyback through the open market route. The company said it will buy back shares at a maximum price of Rs 4,600 per share, while the maximum number of shares it will buy back is 54.3 lakh – 1.88% of the total equity.In an open market buyback, the company purchases its shares directly from the market. Thus, for a shareholder, the buyback price will be the market price of the maximum buyback price, whichever is lower. So though the buyback price is Rs 4,600, if the market price is Rs 3,800, then the company will buy back shares at Rs 3,800.Watch the video to know more.Read More