Bajaj Auto reports a strong fourth-quarter performance with profit rising 34% year-on-year to ₹2,746 crore, according to multiple outlets. Alongside the earnings, the company recommends a dividend of ₹150 per share. Shares react positively after the announcement, with Business Standard citing a rise of about 4% to a 52-week high. The company also announces a share buyback worth ₹5,633 crore, to be executed through a tender offer route. The buyback is planned for 4.69 million shares at ₹12,000 per share. The reports together present the same core set of items: the Q4 profit figure, the ₹150 dividend recommendation, and the scale and pricing of the buyback. Taken together, the coverage indicates the results and capital-return actions occur concurrently, with market movement following the disclosures.
Bajaj Auto posts 34% Q4 profit growth, declares ₹150 dividend and ₹5,633 crore buyback
Bajaj Auto reports a strong fourth-quarter performance with profit rising 34% year-on-year to ₹2,746 crore, according to multiple outlets. Alongside the earnings, the company recommends a dividend of...
- Bajaj Auto’s Q4 profit (PAT) rises 34% to ₹2,746 crore.
- Company recommends a dividend of ₹150 per share.
- Bajaj Auto announces a buyback worth ₹5,633 crore.
- Buyback is for 4.69 million shares at ₹12,000 per share.
- Buyback is conducted via a tender offer route.
Bajaj Auto has announced buyback of 4.69 million shares for ₹5,633 crore, at ₹12,000 each via tender offer route. Additionally, the company has recommended a dividend payout of ₹150 per share.
3 months agoThe automaker announces a ₹5,633 crore share buyback at ₹12,000 per share
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