Bajaj Auto completes Rs 5,632.8 crore buyback of 46.94 lakh shares

What Bajaj Auto announced

Bajaj Auto Ltd filed a post‑buyback public advertisement with BSE on 16 July 2026, confirming the completion of its share repurchase programme. The company bought back 46.94 lakh fully paid‑up equity shares at a buyback price of Rs 12,000 per share, amounting to a cash outflow of Rs 5,632.8 crore (excluding transaction costs). The buyback was conducted under the tender‑offer mechanism and was settled on 14 July 2026.

Buyback details

• Maximum shares offered: 46,94,000 (forty‑six lakh ninety‑four thousand) shares.
• Buyback price: Rs 12,000 per share.
• Total cash outlay: Rs 5,632,80,00,000 (five thousand six hundred thirty‑two crore and eighty lakh rupees), not counting brokerage, taxes, filing fees and other transaction costs.
• Share‑capital impact: The buyback size corresponds to 16.93% of the aggregate paid‑up equity share capital and 15.59% of the free reserves as per the audited financial statements as of 31 March 2026.
• Regulatory framework: The buyback complied with SEBI’s Buy‑Back of Securities Regulations, 2018 (as amended) and the relevant SEBI circulars governing tender‑offers.

Tender process and bid response

The tender offer opened on Wednesday, 1 July 2026 and closed on Tuesday, 7 July 2026. KFin Technologies Limited acted as the registrar and received 4,23,046 valid bids covering 2,21,36,834 shares, which is approximately 4.72 times the maximum number of shares the company intended to repurchase.

All valid bids were considered for acceptance in accordance with the buyback regulations and the terms set out in the Letter of Offer dated 29 June 2026. Acceptance or rejection notices were emailed to eligible shareholders on Tuesday, 14 July 2026.

Settlement and payment

The settlement of all accepted bids was executed by the Indian Clearing Corporation Limited and NSE Clearing Limited on 14 July 2026. The clearing corporation transferred the net proceeds (after applicable tax deduction at source) directly to the shareholders’ bank accounts. The company confirmed that the settlement was completed on the same day the acceptance notices were dispatched.

"The settlement of all valid bids, which were accepted, was completed by Indian Clearing Corporation Limited or the NSE Clearing Limited on Tuesday, July 14, 2026."

Key facts at a glance

Why this matters for investors

The buyback reduces the number of shares outstanding, which can improve earnings per share and return on equity, provided the company’s earnings remain stable. Because the buyback was funded from cash reserves, it does not create additional debt and therefore does not increase financial leverage. The cash outflow of Rs 5,632.8 crore is reflected in the company’s balance sheet as a reduction in cash and cash equivalents. Transaction costs such as brokerage, taxes and filing fees are not included in the disclosed buyback size, so the total cash outflow will be marginally higher. The buyback was executed on a proportionate basis, meaning all shareholders as of the record date (24 June 2026) were eligible to participate.

Conclusion

Bajaj Auto has successfully completed its voluntary share buyback, repurchasing the full 46.94 lakh shares offered at Rs 12,000 each and disbursing the proceeds on 14 July 2026. The transaction represents a significant cash utilisation, amounting to roughly 16‑17% of the company’s equity capital and free reserves. No further actions related to this buyback are pending, and the company’s capital structure now reflects the reduced share count.