Bajaj Auto has extinguished 46,94,000 equity shares following a tender offer buyback executed at a price of ₹12,000 per share. The transaction, valued at an aggregate amount of ₹5,632,80,00,000, was conducted in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. The extinguishment reduces the company’s issued, subscribed, and fully paid-up share capital from 27,94,97,838 to 27,48,03,838 equity shares, each with a face value of ₹10. This reduction in share count enhances earnings per share metrics for remaining holders and consolidates ownership structure.

The buyback process involved both dematerialised and physical shares. National Securities Depository Limited (NSDL) confirmed the extinguishment of 46,93,979 shares in dematerialised form on July 22, 2026. Central Depository Services (India) Limited (CDSL) also recorded the capital adjustment. KFin Technologies Limited, acting as the Registrar to the Buyback, certified the physical destruction of 21 equity shares on July 21, 2026. The tendering period for the buyback opened on July 1, 2026, and closed on July 7, 2026.

Share Capital Reconciliation

The following table details the reconciliation of Bajaj Auto’s share capital before and after the extinguishment:

The authorised share capital remains unchanged at 30,00,00,000 equity shares with a total value of ₹300,00,00,000.

Shareholding Pattern Changes

The buyback has altered the proportional shareholding of various investor categories. Promoters and the promoter group retained their absolute number of shares but saw their percentage holding increase from 55.01% to 55.95%. Foreign investors, including FIIs and NRIs, also saw a significant increase in their proportional stake, rising from 9.80% to 44.05%, although the absolute number of shares held by this category appears to have increased in the post-buyback disclosure provided in Annexure B.

Compliance documentation was signed by Rajiv Bajaj, Managing Director and CEO, and Rakesh Sharma, Joint Managing Director. Kumudini Bhalerao of Makarand M. Joshi & Co., the secretarial auditor, verified the extinguishment process. The company notified the Bombay Stock Exchange and the National Stock Exchange of India Ltd. on July 24, 2026, confirming the completion of regulatory requirements under Regulation 11 and 24(iv) of the Buyback Regulations.

A notable block trade in Bajaj Auto was recorded on the National Stock Exchange (NSE), with approximately 14643 shares transacted at a price of Rs 11301.50 per share, aggregating to a total deal value of Rs 16.55 crore.

Block Trade Details

Block trades are large-volume transactions typically executed by institutional investors and are reported separately from regular market activity. The following table summarizes the key parameters of this transaction:

Market Significance

Block deals of this scale are closely tracked by market participants as they can reflect institutional interest or portfolio rebalancing activity. The transaction in Bajaj Auto involved a sizeable number of shares executed at a defined price point, making it a notable event in the stock's trading activity on the NSE.