Bajaj Auto share buyback: Reacting to the news, shares of the company gained momentum and hit a 52-week high of Rs 6,971.15 on the BSE.
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Bajaj Auto share buyback: Two-wheeler major Bajaj Auto will consider the share buyback proposal in its board meeting on January 8, the company informed bourses on Wednesday, January 3. In its filing, the company said, “We wish to inform you that the board of directors of the company, at its meeting scheduled to be held on Monday, January 8, 2024 (“Board Meeting”), inter alia, will consider a proposal to buyback fully paid-up equity shares of the company and other matters necessary and incidental thereto, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018, as amended, and other applicable laws.”
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Reacting to the news, shares of the company gained momentum and hit a 52-week high of Rs 6,971.15 on the BSE.
