Buyback Details

  • Number of Shares Bought Back: 46,94,000 fully paid-up equity shares of face value INR 10 each
  • Buyback Price: INR 12,000 per equity share
  • Total Amount Utilized: INR 5,632,80,00,000 (excluding transaction costs)
  • Buyback Size: Represents 16.93% of aggregate fully paid-up equity share capital and free reserves as per latest audited standalone financial statements and 15.59% as per consolidated financial statements as on March 31, 2026
  • Method: Tender offer route, implemented using SEBI circulars regarding acquisition of shares through stock exchange
  • Designated Stock Exchange: BSE Limited
  • Tendering Period: July 1, 2026 to July 7, 2026
  • Record Date: June 24, 2026

Bids and Acceptance

  • Valid Bids Received: 4,23,046 bids for 2,21,36,834 equity shares, indicating an oversubscription of approximately 4.72 times the maximum number of shares proposed to be bought back
  • Communication of Acceptance: Dispatched via email to eligible shareholders on July 14, 2026
  • Settlement: Completed by Indian Clearing Corporation Limited or NSE Clearing Limited on July 14, 2026; funds payout net of tax deducted at source, or transferred to seller members if bank details unavailable
  • Share Transfer: Dematerialized shares accepted were transferred to the company's demat account on July 14, 2026; unaccepted shares were returned or lien removed on the same date
  • Physical Shares: 2 bids for 150 physical shares received, of which 21 shares were accepted; unaccepted physical shares to be returned in dematerialized form within 30 days from July 14, 2026
  • Extinguishment: Of 46,94,000 shares (46,93,979 demat and 21 physical) to be completed on or before July 23, 2026

Capital Structure

  • Authorized Share Capital: Pre and post-buyback: 30,00,00,000 equity shares, amount INR 300,00,00,000
  • Issued, Subscribed and Fully Paid-Up Share Capital:
  • Pre-buyback (as on Record Date June 24, 2026): 27,94,97,838 equity shares, amount INR 279,49,78,380
  • Post-buyback: 27,48,03,838 equity shares, amount INR 274,80,38,380 (subject to extinguishment of bought-back shares)

Shareholding Pattern

  • Pre-buyback (as on Record Date June 24, 2026):
  • Promoters and Promoter Group: 15,37,56,828 shares (55.01%)
  • Foreign Investors: 2,74,04,679 shares (9.80%)
  • Financial Institutions/Banks/NBFCs and Mutual Funds/Insurance Companies: 3,82,13,028 shares (13.67%)
  • Others (Public, Bodies Corporate, etc.): 6,01,23,303 shares (21.51%)
  • Total: 27,94,97,838 shares (100.00%)
  • Post-buyback:
  • Promoters and Promoter Group: 15,37,56,828 shares (55.95%)
  • Financial Institutions/Banks/NBFCs and Mutual Funds/Insurance Companies: 12,10,47,010 shares (44.05%)
  • Total: 27,48,03,838 shares (100.00%) (subject to extinguishment)
  • Significant Shareholders with More than 1% of Shares Bought Back:
  • Life Insurance Corporation of India: 4,41,639 shares accepted (9.41% of total bought back, 0.16% of post-buyback capital)
  • HDFC Mutual Fund: 3,69,631 shares (7.87%, 0.13%)
  • NPS Trust: 2,91,432 shares (6.21%, 0.11%)
  • Government Pension Fund Global: 2,42,805 shares (5.17%, 0.09%)
  • ICICI Prudential Mutual Fund: 1,95,766 shares (4.17%, 0.07%)
  • SBI Mutual Fund: 1,33,359 shares (2.84%, 0.05%)
  • Aditya Birla Sun Life Mutual Fund: 84,864 shares (1.81%, 0.03%)
  • HDFC Life Insurance Company Limited: 79,670 shares (1.70%, 0.03%)
  • Nippon Life India Trustee: 63,034 shares (1.34%, 0.02%)
  • Mahindra Manulife Mutual Fund: 51,719 shares (1.10%, 0.02%)

Manager to the Buyback

  • Name: Kotak Mahindra Capital Company Limited
  • Address: 27BKC, 1st Floor, Plot No. C-27, 'G' Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051
  • Contact Person: Mr. Ganesh Rane
  • Tel. No.: +91 22 4336 0758
  • Fax No.: +91 22 6713 2447
  • SEBI Registration Number: INM000008704
  • Validity Period: Permanent Registration

Directors' Responsibility

  • The Board of Directors accepts responsibility for the information in this advertisement, confirming it is true, factual, and material without misleading information, as per Regulation 24(i)(a) of the Buyback Regulations.

Signatories and Date

  • Rajiv Bajaj, Managing Director and CEO (DIN: 00018262)
  • Rakesh Sharma, Joint Managing Director (DIN: 08262670)
  • Rajiv Gandhi, Company Secretary and Compliance Officer (Membership No.: ACS 11263)
  • Date: July 15, 2026
  • Place: Pune

Registered Office Details

  • Bajaj Auto Ltd Complex, Mumbai Pune Road, Akurdi, Pune - 411 035
  • Tel: 020-6610 4481; Fax: 020-2740 7380
  • Contact Person: Mr. Rajiv Gandhi, Company Secretary and Compliance Officer