Two-wheeler major Bajaj Auto on Thursday fixed June 24 as the record date to determine shareholder eligibility for its biggest-ever share buyback worth Rs 5,632 crore. The company plans to repurchase shares at Rs 12,000 apiece, a premium of nearly 19.5% to the stock's previous closing price.
In an exchange filing, Bajaj Auto said that its buyback committee decided on the record date for the purpose of determining the entitlement and eligibility of shareholders who can tender shares in the buyback.
