Promoters Are Not Participating In The Buyback | Rakesh Sharma, Bajaj Auto

Auto major Bajaj Auto on Monday informed that its board has given its approval for share buyback of up to Rs 2,500 crore at a price not exceeding Rs 4,600 per unit. The company’s board earlier this month had deferred a decision on share buyback proposal, and later decided to meet on June 27 to further deliberate on it. The company further said that indicative maximum number of shares proposed to be bought back, would be 54,34,782 equity shares, comprising approximately 1.88% of the paid-up share capital of the company as of 27 June 2022. Rakesh Sharma, Executive Director, Bajaj Auto shares more details on this. Watch the full interview to find out.