Bajaj Auto buyback 2026: ₹5,633 crore at ₹12,000

What the board approved on May 6, 2026

Bajaj Auto Ltd. has approved a share buyback after its board meeting held on May 6, 2026. The company plans to repurchase fully paid-up equity shares with a face value of ₹10 each. The buyback price approved is ₹12,000 per equity share. The total buyback size is capped at ₹5,633 crore, as stated in the buyback details shared. The proposal has drawn attention because Bajaj Auto had last executed a buyback in 2024, and this becomes a fresh shareholder-return action after that.

The company has also indicated that the buyback will be executed through a tender offer route. The tender route allows eligible shareholders to offer their shares back to the company at a fixed price during the offer window. The mechanism is proposed “through the stock exchange mechanism”, as mentioned in the shared details.

Buyback structure: size, price, and number of shares

Under the 2026 buyback, Bajaj Auto plans to buy back 4,694,000 equity shares. At the approved price of ₹12,000 per share, the aggregate buyback amount is not to exceed ₹5,633 crore. The face value per share is ₹10. The offer is categorised as a tender offer.

While several dates are listed as “2026” in the shared table, only the board meeting date is clearly specified as May 6, 2026. Other milestones such as record date, opening date, and closing date are not provided in the supplied details.

Key dates: what is known and what is pending

The buyback meeting date is specified as May 6, 2026. Beyond that, the schedule table lists buyback announcement date, record date, last date to buy shares, buyback open date, buyback close date, and finalisation of acceptance, but they are shown only as “2026” without exact dates.

This means investors will need to wait for the company’s detailed timeline to know eligibility cut-offs and the tendering window. Without the record date and offer dates, shareholders cannot determine the final eligibility requirement or plan tendering actions.

Trading-window closure and regulatory references

In a stock exchange intimation, Bajaj Auto said the board would consider a buyback proposal at its May 6, 2026 meeting. The filing references applicable provisions of the Companies Act, 2013 and the SEBI (Buy-back of Securities) Regulations, 2018, as amended. The intimation was filed under Regulation 29(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company also stated that the trading window for dealing in its securities was closed for designated persons and their immediate relatives from April 1 to May 8, 2026, as per its insider trading code.

Stock reaction and where the price was trading

The buyback-related communication and board-meeting announcement lifted near-term interest in the stock. A report cited that Bajaj Auto shares rose 2.3% after the buyback proposal announcement. At 10:52 am on April 30, Bajaj Auto shares were trading at ₹9,762.

Separately, the shared context notes that as of April 30, 2026, Bajaj Auto closed at ₹9,994. This price level was highlighted as being close to the previous 2024 buyback price of ₹10,000 per share.

Operational context: March sales growth cited

The same coverage also cited operating momentum in the background. Bajaj Auto reported a 20% rise in total sales to 4,45,377 units in March, compared with 3,69,823 units in the same month last year.

While sales data does not directly determine buyback terms, investors often track such operating disclosures alongside capital-return actions because they signal demand conditions and business momentum.

How the tender offer route typically works for shareholders

The shared buyback explainer says investors who hold Bajaj Auto shares in their demat account as of the record date are eligible for the buyback scheme. Eligible shareholders can participate by tendering (offering) shares during the buyback opening period. Payment is made for the shares accepted by the company under the scheme. Unaccepted shares are typically returned to the shareholder’s demat account after the process, consistent with how tender offers are executed.

Because the record date and the offer window for the 2026 buyback are not specified in the provided details, shareholders will need the final timetable to know the exact last day to buy shares for eligibility.

Quick comparison: 2026 buyback versus the 2024 buyback

Bajaj Auto’s last buyback (2024) was executed through a tender offer at ₹10,000 per share for a size of ₹4,000 crore. It involved 40 lakh shares and had a record date of February 29, 2024. Another schedule referenced that the 2024 buyback opened on March 6, 2024 and closed on March 13, 2024, with payment/credit actions dated March 20, 2024.

The 2026 buyback, in comparison, is larger in headline size (₹5,633 crore) and at a higher buyback price (₹12,000 per share), with a stated quantity of 46.94 lakh shares.

Earlier precedent: the 2022 open-market buyback

The provided material also mentions an earlier buyback cycle. In 2022, the board approved an open market buyback (through the stock market mechanism) with a maximum buyback price not exceeding ₹4,600 per share and a maximum size up to ₹2,500 crore. The company bought back 6,409,662 shares at a volume-weighted average price of ₹3,900.31 per share, resulting in a cash outflow of ₹2,499.97 crore (excluding transaction cost and tax on buyback). It also paid ₹582.39 crore towards tax on buyback, and the buyback committee approved completion and closure on October 10, 2022.

Key facts table

What to watch next

The biggest missing piece for shareholders is the detailed 2026 timetable. The record date, buyback open and close dates, and the finalisation timeline are listed only as “2026” in the supplied schedule, with no specific dates. Once those dates are published, shareholders can evaluate eligibility and the mechanics of tendering.

Separately, Bajaj Auto was also expected to announce its March quarter results on May 6, as mentioned in the coverage. For investors, the combination of earnings commentary and buyback execution details often shapes near-term positioning and liquidity in the stock.

Disclaimer

This write-up is based only on the details provided in the shared text and is for informational and educational purposes. It should not be treated as investment advice.