Buyback Details
Maximum Buyback Size: ₹5,632.80 crore (excluding transaction costs)
Number of Shares: Up to 46,94,000 equity shares (1.68% of paid-up equity share capital)
Buyback Price: ₹12,000 per equity share
Face Value: ₹10 per share
Record Date: June 24, 2026 (Wednesday)
Offer Period: July 1, 2026 (Wednesday) to July 7, 2026 (Tuesday)
Reservation Categories
Small Shareholders: Holders of ≤20 equity shares as on record date (6,16,635 shareholders holding 25,24,410 shares)
- Reserved portion: 7,04,100 shares (15% of total buyback)
- Entitlement ratio: 17 shares for every 61 shares held
- Actual entitlement: 27.8916657753693%
General Category: All other eligible shareholders
- Entitlement ratio: 17 shares for every 525 shares held
- Actual entitlement: 3.23811888982491%
Sources of Funds
- Free reserves, securities premium account and/or other permitted sources
- No borrowed funds from banks or financial institutions
- Escrow account opened with Kotak Mahindra Bank Limited
- Escrow amount deposited: ₹578.28 crore (as required by SEBI Buyback Regulations)
Financial Impact (Based on FY2026 Audited Financials)
Pre-Buyback Standalone:
- Net worth: ₹34,974.67 crore
- Return on net worth: 29.3%
- Basic EPS: ₹352.0
- Book value per share: ₹1,251.3
Post-Buyback Standalone (assuming full acceptance):
- Net worth: ₹29,341.87 crore
- Return on net worth: 32.0%
- Basic EPS: ₹358.0
- Book value per share: ₹1,067.7
Shareholding Pattern Impact
Pre-Buyback:
- Promoters & Promoter Group: 55.01% (15,37,56,828 shares)
- Public shareholding: 44.99%
Post-Buyback (assuming full acceptance):
- Promoters & Promoter Group: 55.95%
- Public shareholding: 44.05%
Promoter Participation
- Promoters and Promoter Group declared intention NOT to participate in buyback
- Letters dated May 6, 2026 and May 7, 2026 submitted to company
Key Dates
- Board approval date: May 6, 2026
- Shareholder approval via postal ballot: June 18, 2026
- Public announcement date: June 19, 2026
- Public announcement publication: June 22, 2026
- Record date: June 24, 2026
- Buyback opens: July 1, 2026
- Buyback closes: July 7, 2026
- Last date for tender form submission: July 7, 2026 (5:00 PM IST)
- Settlement completion: July 14, 2026
- Share extinguishment: July 23, 2026
Capital Structure
Pre-Buyback:
- Authorized share capital: ₹300 crore (30 crore shares of ₹10 each)
- Paid-up share capital: ₹279.50 crore (27,94,97,838 shares of ₹10 each)
Post-Buyback (assuming full acceptance):
- Paid-up share capital: ₹274.80 crore (27,48,03,838 shares of ₹10 each)
Taxation
- Resident shareholders: No TDS deduction
- Non-resident shareholders (except FIIs/FPIs): TDS applicable as per Income Tax Act
- FIIs/FPIs: No TDS if valid SEBI registration provided
- STT applicable at 0.10% of transaction value
Appointments
Manager to Buyback: Kotak Mahindra Capital Company Limited
Registrar to Buyback: KFin Technologies Limited
Company Broker: JM Financial Services Limited
Escrow Agent: Kotak Mahindra Bank Limited
Statutory Auditors: S R B C & CO LLP
Compliance and Regulations
- Complies with SEBI (Buy-Back of Securities) Regulations, 2018
- Complies with Companies Act, 2013 (Sections 68, 69, 70)
- Maintains minimum public shareholding requirement of 25%
- No defaults in repayment of deposits, debentures, or term loans
- Declaration of solvency filed with ROC and SEBI
Documents Available for Inspection
- Certificate of incorporation, MOA, and AOA
- Annual reports for FY2024, FY2025, FY2026
- Board and shareholder resolutions
- Public announcement documents
- Escrow agreement
- Statutory auditor's report
- Declaration of solvency
Investor Contact Details
Company Compliance Officer: Mr. Rajiv Gandhi
- Address: Bajaj Auto Ltd Complex, Mumbai Pune Road, Akurdi, Pune - 411 035
- Tel: 020-66104486
Registrar to Buyback: KFin Technologies Limited
- Address: Selenium, Tower B, Plot No-31 and 32, Financial District, Nanakramguda, Hyderabad - 500 032
- Tel: +91 40 6716 2222/18003094001