Bajaj Auto Buyback 2022
Founded by Jamnalal Bajaj, a freedom fighter, philanthropist and a close confidant of Mahatma Gandhi, the Bajaj Group, is one of the most respected and renowned business houses of India. The journey started eighty years back with a sugar factory in Lakhimpur Kheri, Uttar Pradesh. With growth as the ultimate vision, the group has diversified into a variety of business areas.
With more than 18 million motorcycles sold in over 70 countries, the Bajaj brand is truly ‘The World’s Favourite Indian’. It is India’s No.1 motorcycle exporter with two out of three bikes sold internationally carrying a Bajaj badge. The company is also the world’s largest manufacturer of three-wheelers. Bajaj Auto is the first two-wheeler and three-wheeler company in the world to have reached a market capitalisation of INR one trillion and continues to be the world’s most valuable two and three-wheeler company.
Buy Back Offer Deal:
|Buyback Type:||Open Market|
|Buyback Offer Amount:||₹ 2500 Cr.|
|Date of Board Meeting approving the proposal:||Jun 14 2022|
|Date of Public Announcement:||Jun 14 2022|
|Buyback Offer Size:||9.61%|
|Buyback Number of Shares:||54,34,782|
|Buyback Price:||₹ 4600 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (in Cr)||Mar 2018||Mar 2019||Mar 2020||Mar 2021||Mar 2022|
|Profit before tax||5,933||6,956||6,692||6,241||7,652|
|EPS in Rs||145.8||170.29||180.11||167.85||213.08|