Last week, Bajaj Auto said that its buyback committee decided on the record date for the purpose of determining the entitlement and eligibility of shareholders who can tender shares in the buyback.
Bajaj Auto is approaching the record date for its substantial Rs 5,633 crore share buyback. This buyback offers a 19% premium to current shareholders. The record date will determine which shareholders are eligible to tender their shares in this significant corporate action.
Market Samachar is a news aggregator. This article was originally published by Stocks-Markets-Economic Times. Tap the button above to read the full story on their site.