Bajaj Auto - Buyback Price At Attractive Level: DRChoksey

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..DRChoksey Research Report.Bajaj Auto Ltd.’s buyback was announced in January 2024 and has opened today, March 06, 2024.Under the offer, Bajaj Auto will buyback up to 4 million fully paid-up equity shares of face value of Rs 10, representing ~1.41% of the total number of Equity Shares of the company. The buyback price is Rs 10,000 per equity share, which is at a premium of 19.7% from the closing price as on March 05, 2024.The buyback size is Rs 40,000 million. Bajaj Auto’s buyback offer will be open between March 06, and March 13 2024. The last date and time of receipt of the completed tender forms and other specified documents by the Registrar to the Buyback is Wednesday, March 13, 2024, 5:00 p.m. (IST).The record date for eligibility to participate in the buyback was on Thursday, February 29, 2024..Click on the attachment to read the full report:.Coffee, Chocolate, Cookies Hit Sweet Spot In Dull FMCG Market.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bajaj Auto - Buyback Price At Attractive Level: DRChoksey

The buyback size is Rs 40,000 million.

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