Bajaj Auto buyback 2026: Record date set June 24

What Bajaj Auto announced

Bajaj Auto has fixed June 24, 2026 as the record date for its share buyback programme worth about Rs 5,632.8 crore. The company communicated the decision through an exchange filing, stating that shareholders on record as of the close of business on that date will be eligible to participate. The buyback will be executed through the tender offer route. Under this method, eligible shareholders can tender shares in the buyback window subject to the final terms.

Record date and who becomes eligible

The record date is used to determine which shareholders and beneficial owners are eligible to tender shares in the buyback. Bajaj Auto said shareholders whose names appear in the company’s records on June 24, 2026 will be entitled to participate, subject to the buyback’s terms and conditions. In practical terms, it is an eligibility cut-off for the corporate action. The company’s filing also notes that the buyback committee has fixed the record date for determining the entitlement and names of equity shareholders and beneficial owners.

Buyback size, price, and maximum shares

Bajaj Auto plans to repurchase up to 46.94 lakh equity shares (also described as 4,694,000 shares) under the buyback. The buyback price is Rs 12,000 per equity share, payable in cash. Reports describe the total buyback size as Rs 5,632 crore to Rs 5,633 crore, and also as Rs 5,632.80 crore (excluding transaction-related expenses and statutory charges). The shares proposed to be bought back represent about 1.68% of the company’s total paid-up share capital, as stated in the material.

Tender offer route: how the process works

The buyback is planned through the tender route, which gives eligible shareholders a window to offer (tender) their shares back to the company. Acceptance in a tender buyback can depend on eligibility category and the level of subscription, but the article text only confirms the route and the eligibility cut-off via record date. Bajaj Auto has described this as a cash buyback, meaning shareholders whose shares are accepted receive cash at the stated buyback price. The exchange filing language indicates the buyback committee is overseeing the steps required for the process.

Approvals already in place

The buyback proposal was approved by Bajaj Auto’s Board of Directors on May 6, 2026, and later by shareholders on June 18, 2026, according to the article content. The record date announcement follows these approvals. The company referenced its earlier letters dated May 6, 2026 and June 18, 2026 while informing exchanges about the record date. This sequence clarifies that the programme has already cleared internal approval checkpoints mentioned in the report.

Premium to market price mentioned in the reports

One part of the provided text states that the buyback price of Rs 12,000 per share is at a premium of nearly 19.5% to the stock’s previous closing price. The article material does not provide the actual previous closing price figure, only the premium percentage. This premium detail is presented as a contextual datapoint explaining why the offer price stands out. The buyback is also described as the company’s biggest-ever buyback in the provided text.

A note on reported figures and consistency

Across the text, the buyback size is repeatedly stated around Rs 5,632.8 crore to Rs 5,633 crore, and the price is repeatedly stated as Rs 12,000 per share. One excerpt also contains a line saying the price “has been set at Rs 1,200 per share,” which conflicts with the multiple references to Rs 12,000 per share in the same combined material. Separately, one exchange-filing excerpt in the provided text mentions an aggregate amount of Rs 5,632,800,000, which equals Rs 563.28 crore when converted, even though the buyback size is described elsewhere as Rs 5,632.80 crore. The article content does not reconcile these inconsistencies, so readers should rely on the company’s latest exchange communication and the final buyback offer document.

Key buyback details at a glance

Why this announcement matters for investors

For investors tracking corporate actions, the record date sets a clear eligibility milestone and helps them plan around settlement timelines and holdings. A tender offer buyback can also affect trading behaviour around the corporate action dates, although the provided text does not quantify any market moves after the announcement. The stated premium to the prior close and the scale of the buyback make this a closely watched development among shareholders. At the same time, participation and final acceptance depend on the buyback process and the final terms.

What to watch next

Based on the details shared, the next practical step for eligible shareholders is to watch for the formal tender offer schedule and related instructions. Investors will also look for final communication from the company and exchanges on timelines, entitlement details, and operational steps. The record date remains the immediate confirmed date referenced in the filing for eligibility determination.