Business Standard

Bajaj Auto defers share buyback proposal; stock dips 5%

Bajaj Auto said that the board has decided that further deliberations are required in order to take a decision on the proposal of buyback

Bajaj Dominar
Premium

Over the past four days, the stock of Bajaj Auto gained 5.5 per cent

SI Reporter Mumbai
Shares of Bajaj Auto on Tuesday tanked 5 per cent after the company deferred its proposed share buyback programme. 

“We wish to inform that the board of directors of the company at its meeting held on June 14, 2022, has decided that further deliberations are required in order to take a decision on the proposal of buyback, and accordingly deferred the matter,” the company said in a stock exchange notification. 
The board meeting lasted for three-and-a-half hours, the company said. Shares of the two-wheeler major ended at Rs 3,684, down 5.1 per cent over previous day’s close. 

On June 9, the

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in