Is it true that Bajaj Auto is announcing a buyback plan?
Answer
Answer
The final announcement is yet to be made but Bajaj Auto has filed with the exchange that it plans to consider a buyback of shares when its board convenes on 14th June. This will be the first buyback of Bajaj Auto since the year 2000. In FY22, Bajaj had paid total dividends of Rs140 per share to shareholders. It is likely to boost the sentiments around the stock.