BSE Share Buyback

Two-wheeler giant Bajaj Auto to take back 5.43 mn shares at Rs 4,600 a piece

The lender will do the repurchase at 97% of the principal amount of the notes.

On July 3, the company's board approved buyback of shares worth up to Rs 100 crore. The buyback is for 1.74 million shares at Rs 575 per share.

The company said it is not permitted to meet the buyback obligations beyond the amount approved by the board of directors and the same can also be effected only with the borrowed funds.

If approved, this will be BSE's second share buyback

The share buyback announced by BSE represents 9.99% of the total paid-up equity capital of the company