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Bajaj Auto Announces Share Buyback.... The board of Bajaj Auto on 27th June 2022 approved the proposal for the buyback of the company’s share. The price of the buyback is Rs. 4,600 per share. The buyback shall be done via open market through stock exchange mechanism. The company clarified that the buyback of Bajaj Auto shares by the company shall not exceed Rs. 2,500 crore i.e. 9.61 % and 8.71% of the total paid up share capital and free reserves as of March 2022. The proposed shares to be bought back by the company would be 54,34,782 equity shares i.e. 1.88 percent of the paid-up share capital of the Company as of 27 June 2022. The number of shares proposed to be bought back can exceed if the equity shares are bought at a price lower than the maximum buyback price. However, the maximum shares bought would not exceed Rs. 2,500 crore. i.e. the maximum buyback size. Based on the minimum buyback price and maximum buyback price Bajaj Auto will utilize at least 50% of the amount i.e. Rs. 1,250 crores for purchasing a minimum of 27,17,392 Equity Shares. Summary of Bajaj Auto Buyback · Buyback price is fixed at Rs. 4,600 · Maximum buyback size of Rs. 2,500 crore · Buyback to be done through open market · At least 50% of the buyback proceeds i.e. Rs. 1,250 shall be utilized · Maximum buyback size would be 9.61% of the total paid up capital of the company