FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Bajaj Auto Limited (BSE:532977, NSE:BAJAJ-AUTO) accepting shares from investors through a buyback offer. Do you want to submit your shares for Bajaj Auto Buyback Jan 2024? The buyback has been announced on 8-Jan-24. The company has announced a buyback price of Rs 10000 and the Record Date for the eligible investor is 29-Feb-24.
The tender process for the buyback of Bajaj Auto Limited will commence on 6-Mar-24 and close on 13-Mar-24.
The acceptance ratio for retail investors (holding shares worth less than Rs 2 lakhs on the record date) is 25.93%.
The summary report of the Bajaj Auto Limited Buyback includes an overview, record date, tender dates, size of buyback, buyback price, approximate entry level for new investors, date of cancellation of shares, acceptance ratio for retail investors and general category.
Title | Detail |
---|---|
Company Name: | Bajaj Auto Limited |
Buyback Type: | Tender Offer |
Offer Amount: | ₹4000.00Cr |
Buyback Number of Shares: | 40,00,000 |
Buyback Price: | 10000 |
Approx Entry Price: | 6983.85 |
Promoters In: | Y |
Record Date: | 29-02-2024 |
Buyback Open Date: | 06-03-2024 |
Buyback Close Date: | 13-03-2024 |
Payment Date: | 19-03-2024 |
Record Date Price: | 7909.35 |
Maximum Retail Quantity: | 25 |
Draft Letter of Offer: | Draft Letter of Offer |
Letter of Offer: | - |
Acceptance Ratio Retail: | 7 Equity Share out of every 27 Fully paid-up Equity Shares held on the Record Date. |
Acceptance Ratio Retail %: | 25.93 |
Acceptance Ratio General: | 1 Equity Share out of every 82 Fully paid-up Equity Shares held on the Record Date. |
Acceptance Ratio General %: | 1.22 |
Final Acceptance Ratio %: | - |
The Record Date for Bajaj Auto Limited Buyback offer is 29th Feb 2024
Which means you should hold the Bajaj Auto Limited share in your demat account by closing session of 29th Feb 2024. Share purchased on and before (29th Feb 2024) - 2 business days will be available in your demat account by 29th Feb 2024.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Bajaj Auto Limited shares at ₹6983.85 and buyback offer price is ₹10000, you can get ₹3016.1499999999996 per accepted share. If you hold 29 shares of Bajaj Auto Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 10 to 14 shares with the gain from buyback of ₹30161 to ₹42226.
The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
% Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
---|---|---|
33% | 10 | ₹30161 |
50% | 14 | ₹42226 |
75% | 22 | ₹66355 |
100% | 29 | ₹87468 |
Steps to participate in Bajaj Auto Limited buyback:
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
Buyback opening date for Bajaj Auto Limited: 6th Mar 2024
Buyback closing date for Bajaj Auto Limited: 13th Mar 2024
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 19th Mar 2024.
Buyback opening date for Bajaj Auto Limited: 6th Mar 2024
Buyback closing date for Bajaj Auto Limited: 13th Mar 2024
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .