A decision in this regard was taken at a board meeting held on Monday, according to a filing.
The indicative maximum number of equity shares at the buyback price would be 49,00,000.
In a regulatory filing, Bajaj Auto said it has bought back 64,09,662 equity shares, utilising an aggregate amount of Rs 2,499.97 crore. The total amount earmarked for the purpose was up to Rs 2,500 crore.
The board of directors, at the meeting to be held on March 31, will also consider and approve the financial results for the quarter and the entire fiscal year, GAIL said. The trading window for dealing in securities will remain closed for 48 hours following the board meeting.
The buy-back has seen over 7.5 times over-subscription to the issue size and there is still one more day left for the offer to come to an end
The company's 20-for-1 stock split is its first since 1999 and is in addition to a $10 billion share buyback. It also comes on the heels of a similar split announced by Alphabet Inc earlier this year.
In the reserved category for small shareholders, the ratio of buyback would be "1 equity share for every 7 equity shares held on the record date", TCS said.
A meeting of the Board of Directors of the company will be held on February 17, 2016, to consider the buyback of equity shares of the company, Dr Reddys Laboratories said in a BSE filing
Coal India's possible share buyback has been under the scanner lately. Although many have panned the idea, Oscar Veldhuijzen of The Children's Investment Fund Management said that the buyback is a win-win situation. "It would improve the value per share in Coal India and would also reduce the fiscal deficit by as much as 10%," he said.