Bajaj Auto Ltd on Friday (February 16) fixed February 29 as the record date to determine eligible shareholders to participate in share buyback.
“…the buyback committee constituted by the Board of Directors has fixed Thursday, February 29, 2024, as the record date for the purpose of determining the entitlement and the names of the equity shareholders who shall be eligible to participate in the buyback,” according to a stock exchange filing.
Back on January 9, 2024, the company’s board approved the proposal for buyback of up to 4 million shares of face value of ₹10 each at a price of ₹10,000 per share for a total consideration not exceeding ₹4,000 crore.
Shares of Bajaj Auto Ltd ended at ₹8,357.00, up by ₹236.40, or 2.91%, on the BSE.
