Bajaj Auto buyback 2026 opens July 1: key dates for investors

What Bajaj Auto has announced

Bajaj Auto Ltd has confirmed that its share buyback programme worth up to ₹5,632.8 crore will open on July 1, 2026. The tender offer will remain open for five working days and close on July 7, 2026, as per the company’s regulatory filing. The company plans to repurchase equity shares at a fixed price, with payment to shareholders in cash. The buyback is being conducted through the tender offer route, which allows eligible shareholders to tender shares during the offer window. The announcement moves the buyback into its execution phase after earlier approvals and process milestones. It also gives investors a clear timetable for eligibility, tendering, and settlement.

Buyback size, price, and number of shares

Under the programme, Bajaj Auto will buy back up to 46.94 lakh fully paid-up equity shares. This equals 4,694,000 shares, each having a face value of ₹10. The buyback price has been set at ₹12,000 per share. Based on these terms, the aggregate buyback amount is capped at ₹5,632.8 crore, although some updates have cited the rounded figure of ₹5,633 crore. The company has stated that the buyback consideration will be payable in cash. Bajaj Auto has also described this as its biggest-ever share buyback in the updates referenced in the provided information.

Timeline: record date, tender window, and settlement

The schedule outlines when shareholders must be on the company’s register to participate, and when tendering and settlement are expected to take place. Bajaj Auto has fixed June 24, 2026 as the record date to determine eligible shareholders for the tender offer. The tendering window begins on July 1, 2026 and closes on July 7, 2026. July 7 is also the last date for receipt of completed tender forms and other specified documents by the registrar to the buyback. Settlement of bids on the stock exchanges is scheduled to be completed by July 14, 2026.

Eligibility: why June 24 matters under T+1

Only investors holding Bajaj Auto shares as of the record date are eligible to participate in the buyback process. In the information provided, June 24, 2026 is cited as both the record date and the ex-date for buyback eligibility. Because Indian markets follow the T+1 settlement cycle, June 23, 2026 was cited as the last day to buy Bajaj Auto shares to qualify for the June 24 record date. This T+1 detail matters because buying on or after the ex-date generally means the shares may not be credited in time for eligibility. Investors who were already shareholders by the record date can tender shares in the offer period from July 1 to July 7. The company also noted that the tender period start date is no later than four working days from the record date, aligning with the stated timeline.

Tender offer route: how the buyback will be conducted

Bajaj Auto is undertaking the buyback through the tender offer route. In a tender buyback, eligible shareholders can offer a specified number of shares during the offer window. The company’s communication indicates that the process is structured around the record date to determine entitlement and eligibility. The tendering remains open for a defined period, after which bids are processed through the stock exchange mechanism and settled according to the stated schedule. The timeline shared includes a settlement completion date of July 14, 2026, which is a key operational milestone for investors tracking when the process is expected to conclude. The company has also submitted a Letter of Offer for this buyback, as referenced in the provided text.

Retail reservation and SEBI retail definition

The information provided states that, as per SEBI rules, 15% of the total offer size must be reserved for retail shareholders. For this buyback, that retail portion is cited as 7.04 lakh shares. The corresponding value for the retail reservation is stated as about ₹845 crore. The same set of details also reiterates the SEBI definition of a retail shareholder for buybacks: an investor whose shareholding value does not exceed ₹2 lakh on the record date. These details are relevant for investors assessing which category they may fall into and how much of the offer is earmarked for retail participation.

Registrar and submission mechanics for shareholders

KFin Technologies has been named as the registrar to the buyback. The provided information notes that shareholders holding physical shares have been provided a mechanism to participate, subject to the procedures outlined in the Letter of Offer. For tender offers, documentation requirements and timelines can be important, and the schedule states that July 7, 2026 is the last date for receipt of completed tender forms and other specified documents by the registrar. Investors typically need to follow the process set out in the Letter of Offer for their category of holding to ensure valid tendering.

Key facts snapshot

The buyback details are spread across multiple updates and tables in the provided text. Below is a consolidated snapshot of the key factual points that were explicitly stated.

Market context: premium to the prevailing price

One of the updates cited that the buyback price of ₹12,000 per share represented a premium of nearly 19.5% to the stock’s previous closing price. Another table in the provided text mentions Bajaj Auto’s closing price of ₹10,080 per share on June 19, 2026. While buyback premiums can be interpreted differently by investors, the disclosed premium provides a clear reference point for how the tender price compares with the cited market close. The information also reiterates that the company is buying back a limited portion of its equity, with one update stating the buyback represents 1.68% of the total paid-up share capital.

Why the timetable phase matters for investors

At this stage, the most practical implications for investors are operational: eligibility is anchored to June 24, tendering runs from July 1 to July 7, and settlement is scheduled by July 14. The tender window is brief, and the cut-offs for documentation are explicit in the schedule. Investors also need to note that the buyback is structured around the record date under the T+1 settlement cycle, which affects the last purchase date for eligibility that was cited as June 23. The company’s disclosures, including the Letter of Offer and the registrar details, indicate where process guidance and procedural requirements will sit. Separately, the provided information also mentions that shareholder approval for the proposal was received earlier in the month, and a timeline table cites board approval on May 6, 2026 and shareholder approval on June 18, 2026.

Conclusion

Bajaj Auto’s ₹5,632.8 crore share buyback will open for tender on July 1, 2026 and close on July 7, 2026, with eligibility based on the June 24 record date. The company plans to repurchase up to 46.94 lakh shares at ₹12,000 per share through a cash tender offer. With settlement scheduled to be completed by July 14, the next key steps for eligible shareholders are tendering during the offer period and completing any required submissions by the stated deadlines.