Description

Bajaj Consumer Care Limited opens buyback offer for up to 64.34 lakh equity shares at Rs 290 per share through tender offer route for eligible shareholders.

Summary

Bajaj Consumer Care Limited has announced the opening of a buyback offer for up to 64,34,482 fully paid-up equity shares (representing 4.69% of total paid-up equity capital as on March 31, 2025) at a price of Rs 290 per share through the tender offer route. The total buyback amount is capped at Rs 18,660 lakhs (Rs 186.60 crores) excluding transaction costs, targeting eligible shareholders as on the record date of September 5, 2025.

Key Points

  • Buyback of up to 64,34,482 equity shares of face value Rs 1 each
  • Offer price: Rs 290 per equity share, payable in cash
  • Maximum buyback amount: Rs 18,660 lakhs (excluding transaction costs)
  • Proportionate basis offer to all eligible shareholders
  • Record date for eligibility: Friday, September 5, 2025
  • Letter of Offer dated: Tuesday, September 9, 2025
  • Represents 4.69% of total paid-up equity capital as on March 31, 2025

Regulatory Changes

The buyback is conducted in accordance with:

  • Companies Act, 2013 (Sections 68, 69, 70)
  • SEBI (Buy-Back of Securities) Regulations, 2018
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies (Share Capital and Debentures) Rules, 2014
  • Article 62 of the Company’s Articles of Association

Compliance Requirements

  • Eligible shareholders (as on record date September 5, 2025) can participate
  • Buyback subject to approvals from RBI, SEBI, ROC Rajasthan, NSE, BSE and other appropriate authorities
  • Manager to Buyback: Anand Rathi Advisors Limited
  • Registrar to Buyback: KFin Technologies Limited
  • Shareholders requiring clarification can consult stockbrokers, investment consultants, or designated entities

Important Dates

  • Record Date: Friday, September 5, 2025
  • Letter of Offer Date: Tuesday, September 9, 2025
  • Reference period for equity capital calculation: March 31, 2025

Impact Assessment

This buyback represents a significant capital return mechanism for Bajaj Consumer Care shareholders, offering them an opportunity to tender their shares at Rs 290 per share. The buyback size of 23.70% to 24.88% of aggregate capital (as mentioned in incomplete point 3) indicates substantial impact on the company’s capital structure. Shareholders will benefit from the premium offered over market price, while the company will reduce its equity base and potentially improve financial ratios.

Impact Justification

Significant corporate action involving buyback of 4.69% equity shares worth Rs 186.60 crores affecting all eligible shareholders