Bajaj Auto to consider share buyback, first such move after 2000

Bajaj Auto will consider a buyback of its fully paid-up equity shares, said the company in a notification to the exchanges on Thursday.

The move will be discussed in the meeting of the board of directors on June 14.

The company last went for such a move in 2000, when shareholders approved the buyback of up to 18 million equity shares at a price of Rs 400 each.

Bajaj has paid dividends to shareholders since FY08, with the amount going up each year: from Rs 20 per share in FY08 to Rs 140 at the end of FY22.

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