Bajaj Auto share buyback 2026: record date, tender dates

Stock turns ex-date, slips up to 3%

Bajaj Auto shares turned ex-date for the company’s share buyback on Wednesday, with the stock falling as much as 2.88% on the NSE during the session. At 10:57 AM on June 24, 2026, the stock was trading at ₹9,831 on the NSE, down 1.94% or ₹194 from the previous close. The stock opened at ₹9,838 and moved between an intraday high of ₹9,910 and a low of ₹9,758. The ex-date move matters because the buyback eligibility is linked to the record date, and the market typically adjusts once the cut-off passes. Investors have been tracking the buyback closely because the company has offered a fixed repurchase price of ₹12,000 per share, which is above recent market levels.

Why June 24 matters: record date and eligibility

June 24, 2026 has been set as the record date for Bajaj Auto’s buyback. The record date is the cut-off point used to determine which shareholders are eligible to participate in the tender offer. Investors who held Bajaj Auto shares at the end of trading on June 23, 2026 will qualify to tender shares. Based on shareholder records as of June 24, the company will prepare the list of eligible shareholders and determine entitlements. This is why the stock is described as trading on an “ex-date” on June 24.

Buyback size, price, and route

Bajaj Auto plans to conduct the buyback through the tender offer route. Under the programme, it intends to repurchase up to 46.94 lakh equity shares (about 4.69 million shares) at a fixed price of ₹12,000 per share, payable in cash. The total size of the buyback is estimated at about ₹5,632.8 crore (also cited as ₹5,633 crore). The company has described this as the largest share repurchase initiative in its history. The buyback size also corresponds to about 1.68% of Bajaj Auto’s total paid-up equity share capital, as stated in the disclosures.

Tender window: July 1 to July 7

The tendering period is scheduled to begin on July 1 and remain open until July 7, 2026. This is the period during which eligible shareholders can offer (tender) their shares to the company at the buyback price. The record date and the tender window are separate steps in the process. The record date identifies eligible shareholders, while the tender window is when tenders are actually submitted.

Retail quota under SEBI rules

Under SEBI regulations, 15% of the total buyback offer is reserved for retail investors. Based on the disclosed buyback size, this retail portion works out to about 7.04 lakh shares. In value terms, the retail reservation has been cited at approximately ₹845 crore. For investors tracking acceptance probability, the retail reservation is a key data point because it ring-fences a portion of the offer for the retail category.

Promoters opting out and what it could mean

The information provided also indicates that promoters are opting out of the buyback. With promoters not participating, the acceptance for public shareholders could be higher, since the same buyback size would be distributed among fewer tendering shareholders. This does not change the buyback price or the total number of shares the company plans to repurchase, but it can influence the level of acceptance within the eligible public shareholding categories.

Approvals and how the buyback was announced

The buyback was announced in May alongside the company’s March-quarter results. Bajaj Auto’s board approved the buyback proposal on May 6, 2026, and shareholders subsequently approved it on June 18, 2026. The company’s buyback committee later fixed June 24, 2026 as the record date, as disclosed in an exchange filing. The buyback is being executed via the tender offer method.

Context: comparison with the previous buyback

The current buyback price of ₹12,000 per share is higher than the ₹10,000 price point at which Bajaj Auto conducted its previous share repurchase in 2024. While the article does not provide the 2024 buyback size, the price comparison highlights that the 2026 offer is set at a higher fixed price than the earlier programme.

Market snapshot around the buyback news

Trading data shared around the record date showed intraday volatility. On June 24, the stock opened at ₹9,838 versus a previous close of ₹10,025 and then traded between ₹9,910 and ₹9,758. Separately, in another session referenced in the disclosures, the stock recovered from early losses and closed at ₹10,096 on the NSE, up 0.54%, after hitting an intraday low of ₹10,001. The stock was also cited as down around 1% over one month, up nearly 6% in 2026 so far, and up about 19% over one year.

Key buyback facts at a glance

What investors typically track next

After the record date, investor attention usually shifts to the tender window and category-wise entitlements. The buyback mechanics here are straightforward on paper: eligible shareholders can tender shares during July 1-7 at ₹12,000 per share, and the company will accept shares up to the announced limit. The final acceptance depends on how many shares are tendered in each category, including retail. Since the offer is a tender route buyback, the fixed buyback price does not change during the window.

Conclusion

Bajaj Auto’s buyback has moved into the execution phase with June 24, 2026 set as the record date and the tender period scheduled for July 1-7. The company plans to repurchase up to 46.94 lakh shares at ₹12,000 each, for a total buyback size of about ₹5,632.8 crore, with 15% reserved for retail investors under SEBI rules. The next key milestone for eligible shareholders is the opening of the tender window in July.