16.4 C
London
Thursday, October 6, 2022

Bajaj Auto is buying back shares from the open market for Rs 4,600 per share

Must read

Net Worth, Female Colleen Ballinger, Age, Wiki Bio

Early life, family, educational background American actor Erik Flynn Stocklin was born on September 24, 1982 in Freehold, New Jersey, USA. In 2007 Erik...

Godrej Consumer Products expects improved consumption in the second half of this fiscal year

Godrej Consumer Products Ltd (GCPL) expects consumption to improve in the second half of the current fiscal year, mainly due to the moderation in...

Rupee drops 4 paise to 81.66 against US dollar in early trading

In the first trade, the rupee also touched ₹81.51 against the US currency. The dollar index, which measures the dollar's strength against a...

India’s service sector activity plunged to six-month low in September amid inflation, competition: PMI

For the fourteenth month in a row, the services sector witnessed a growth in production. The rebound was reportedly limited by price pressures,...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

the board of Bajaj Auto Ltd Monday approved the fully paid-up equity repurchase proposal shares of non-promoter shareholders and persons who control the company from the open market at a price not exceeding Rs 4,600 per share.



In a regulatory application, bajaj Auto said the board has approved the repurchase of shares with a nominal value of Rs 10 each for a price not to exceed Rs 4,600 per share and that the total amount should not exceed Rs 2,500 crore.

The share buybacks represent 9.61 percent and 8.71 percent of the total of the total paid-up share capital and free reserves (including securities premium account), Bajaj Auto said.

A Buyback Committee has been formed to carry out the task.

ALSO SEE:

Digital twins market soars as e-tailers improve their offerings

Ola closes the used car and fast trade businesses

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Net Worth, Female Colleen Ballinger, Age, Wiki Bio

Early life, family, educational background American actor Erik Flynn Stocklin was born on September 24, 1982 in Freehold, New Jersey, USA. In 2007 Erik...

Godrej Consumer Products expects improved consumption in the second half of this fiscal year

Godrej Consumer Products Ltd (GCPL) expects consumption to improve in the second half of the current fiscal year, mainly due to the moderation in...

Rupee drops 4 paise to 81.66 against US dollar in early trading

In the first trade, the rupee also touched ₹81.51 against the US currency. The dollar index, which measures the dollar's strength against a...

India’s service sector activity plunged to six-month low in September amid inflation, competition: PMI

For the fourteenth month in a row, the services sector witnessed a growth in production. The rebound was reportedly limited by price pressures,...

Thailand daycare center shooting leaves 31 dead

At least 31 people were killed when a gunman opened fire on a daycare center in northeastern Thailand on Thursday, police said.The shooting took...