Branch2 Intelligence
Bajaj Auto buyback to close today: Should you tender shares in Rs 5,633 crore buyback? Here's what analysts say
Key takeaway
Bajaj Auto's Rs 5,633 crore buyback closes today; shareholders face tender decision.
- Step 11st-order: Bajaj Auto announces Rs 5,633 crore buyback at Rs 4,836 per share, closing today.
- Step 22nd-order: Tendered shares are cancelled, reducing equity base and increasing EPS for remaining shareholders.
- Step 33rd-order: Higher EPS and ROE may attract value-oriented investors, supporting share price.
Source: IN:Economic Times
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