Bajaj Auto board to consider share buyback today

Bajaj Auto | CMP Rs 6,968 | Shares of Bajaj Auto surged 5 percent intraday and topped the Rs 7000 mark after the company’s board announced it will consider share buyback on January 8. The stock closed at 4.55 percent in the green.

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26 Aug, 2025 12:21

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The board of Bajaj Auto is due to consider a share buyback plan on January 8. The development remains under investor's radar today as just the news of the board's plan to consider a buyback had lifted shares of Bajaj Auto to top the Rs 7,000-mark for the first time on January 3.

Bajaj Auto said in a regulatory filing that they will “consider a proposal to buyback of fully paid-up equity shares of the company and other matters necessary and incidental thereto, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended, and other applicable laws."

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Talking to CNBC-TV18, Rajiv Bajaj, CEO, Bajaj Auto said that the buyback is an efficient way to return capital to shareholders. The rationale is that they have had an outstanding quarter, he said.

While Bajaj did not provide details, he added that it is logical that with the kind of year they have been having the buyback will be larger than last time. “Whenever cash on books crossed Rs 15,000 crore we look to give back to investors,” he added.

Bajaj added that they have re-engineered their  business to invest in new technologies such as investments for technology and facilities for Chetak and a new new plant for KTM in Chakan, Pune.

Bajaj Auto recently reported a 16 per cent rise in total sales at 3,26,806 units in December 2023. With total two-wheeler sales at 2,83,001 units against 2,47,052 units in the year-ago period.

Shares of the two-wheeler company settled nearly 1 percent higher at Rs 6,978.50.

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