Description

Bajaj Consumer Care Limited announces buyback of up to 64.34 lakh equity shares at INR 290 per share through tender offer route.

Summary

Bajaj Consumer Care Limited has announced a buyback offer for up to 64,34,482 fully paid-up equity shares representing 4.69% of total paid-up equity capital. The buyback is through tender offer route at INR 290 per share on proportionate basis from eligible shareholders as on record date September 5, 2025.

Key Points

  • Buyback of up to 64,34,482 equity shares (4.69% of total equity capital)
  • Buyback price: INR 290 per equity share of face value INR 1 each
  • Maximum aggregate amount: INR 18,660 lakhs excluding transaction costs
  • Method: Tender offer route on proportionate basis
  • Record date: Friday, September 5, 2025
  • Letter of Offer dated: Tuesday, September 9, 2025
  • Manager to Buyback: Anand Rathi Advisors Limited
  • Registrar to Buyback: KFin Technologies Limited

Regulatory Changes

No regulatory changes mentioned. The buyback is conducted in accordance with existing regulations including SEBI Buyback Regulations 2018, Companies Act 2013, and SEBI Listing Regulations 2015.

Compliance Requirements

  • Compliance with SEBI Buy-Back of Securities Regulations 2018
  • Adherence to Companies Act 2013 Sections 68, 69, and 70
  • Receipt of approvals from RBI, SEBI, ROC, NSE, BSE and other authorities
  • Compliance with Article 62 of Company’s Articles of Association

Important Dates

  • Record Date: Friday, September 5, 2025
  • Letter of Offer Date: Tuesday, September 9, 2025
  • Buyback offer opening date: To be announced

Impact Assessment

High impact corporate action involving significant capital return to shareholders. The buyback represents 23.70% to 24.88% of certain financial parameters (exact details truncated in source). Eligible shareholders on record date can participate proportionately. Market impact expected due to reduction in outstanding shares and cash distribution of INR 18,660 lakhs.

Impact Justification

Major corporate action affecting 4.69% of company's equity capital worth INR 18,660 lakhs