Bajaj Auto buyback 2026: ₹12,000 offer closes July 7

What Bajaj Auto has opened for shareholders

Bajaj Auto has opened its largest-ever share buyback, offering eligible shareholders the option to tender shares at ₹12,000 each. The tender offer is valued at up to ₹5,632.8 crore (also cited as the rounded ₹5,633 crore in some updates). The buyback window opened on July 1 and is scheduled to close on July 7, 2026. Reports around the offer have described the buyback price as carrying a premium in the range of roughly 18% to 24%, depending on which reference price and date is used. Participation is voluntary, and shareholders can tender part of their holdings or choose not to tender.

Size, price, and share count in the tender offer

Under the programme, Bajaj Auto will repurchase up to 46.94 lakh equity shares, which equals 4,694,000 shares. The buyback price has been fixed at ₹12,000 per share. The shares proposed to be bought back are fully paid-up and carry a face value of ₹10 each. The company has stated the buyback size is capped at ₹5,632.8 crore. Bajaj Auto has also indicated that the buyback represents about 1.68% of the company’s total paid-up share capital.

Key dates: record date, open period, and settlement schedule

Bajaj Auto fixed June 24, 2026 as the record date to determine shareholder eligibility for the buyback. The tendering period runs from July 1 to July 7, 2026, and July 7 is also cited as the last date for receipt of completed tender forms and specified documents by the registrar. The registrar is scheduled to complete verification of tendered shares by July 10, 2026. Final acceptance or rejection is expected to be communicated to the stock exchanges by July 13. Unaccepted shares are scheduled to be returned by July 14, with settlement on the exchanges also scheduled to be completed by July 14, 2026.

Who is eligible and why June 23 mattered

Only shareholders who held Bajaj Auto shares in their demat accounts as on the record date of June 24 are eligible to tender shares in the buyback. Under India’s T+1 settlement cycle, updates around the offer noted that June 23, 2026 was the last date to buy shares to ensure they were credited by the record date. Market participants buying the stock on or after June 24 will not be eligible to participate in this buyback. This eligibility rule matters because buybacks via the tender route are restricted to holders on the record date, not new buyers during the tender window.

Retail reservation and the small shareholder category

As per market regulations cited in the updates, 15% of the total buyback size is reserved for the small shareholder category. This reservation is described as around 7.04 lakh shares out of the 46.94 lakh shares. The small shareholder category is defined as shareholders holding shares with a market value of not more than ₹2,00,000, based on the closing price used for the definition. The remaining portion falls under the general category for all other eligible shareholders. Separate entitlements are computed for the reserved category and the general category.

Entitlement ratios disclosed for reserved and general categories

Entitlement determines how many shares an eligible shareholder can tender under the buyback. Under Bajaj Auto’s offer, eligible shareholders in the reserved category for small shareholders are entitled to tender 17 equity shares for every 61 equity shares held as on the record date (June 24). For shareholders in the general category, the entitlement is fixed at 17 equity shares for every 525 equity shares held on the record date. Some updates also referenced an “acceptance ratio” range of 10% to 25%, but this was presented as an indicative range in market commentary rather than a guaranteed outcome.

How to participate through BSE and NSE

Eligible shareholders can participate by placing a bid through a stock broker registered with the BSE or the NSE. The tendering is done via a separate window on the stock exchanges during the offer period. Investors who are eligible may still tender shares even if they do not receive the Letter of Offer or the tender form, as cited in the updates. The tender offer route means shares are accepted based on the process and timelines laid out in the company’s exchange filings.

Promoters not participating: what it changes in the pool

Updates around the offer said promoters, promoter group entities, and persons in control of the company do not intend to participate in the buyback. This increases the portion available for public shareholders when shares are accepted under the tender route. It also means promoters are not considered while computing the entitlement ratio, as noted in the coverage. For public shareholders, the practical impact is that the acceptance process is focused on shares tendered by non-promoter holders who were eligible on the record date.

Why this buyback is being watched closely

Bajaj Auto’s board approved the buyback on May 6, 2026, and shareholder approval was received on June 18, 2026, as cited in the updates. The buyback also comes after new tax regulations implemented in April 2026, which were referenced as part of the context for the programme’s timing. The buyback price of ₹12,000 has been described as a premium to prevailing prices, including a reported closing price of ₹9,755 on June 24, 2026 in one update. Separate updates pegged the premium differently, including about 22% versus the stock’s closing price on July 1 and around 24% versus the previous close, reflecting different reference points.

Key facts table

Market impact and what shareholders should track

The most direct market-relevant datapoint is the ₹12,000 tender price, which has been reported as materially above prevailing market prices around the announcement and launch period. For eligible shareholders, the practical decision is whether to tender shares (in full or in part) during July 1 to July 7, or to not participate. Those who do not tender may see their percentage shareholding rise after the company extinguishes accepted shares, without any additional investment, as noted in the updates. Investors also need to track the post-close schedule, particularly verification by July 10 and the acceptance communication by July 13, because these dates determine how many shares are accepted and how many are returned.

Conclusion

Bajaj Auto’s tender buyback of up to 46.94 lakh shares at ₹12,000 each remains open until July 7, 2026, with eligibility determined by holdings as of June 24. The next milestones are registrar verification by July 10, acceptance communication by July 13, and return of unaccepted shares and settlement by July 14, as per the stated schedule.