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Bajaj Auto board to mull share buyback on January 8; stock hits lifetime high
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Bajaj Auto Ltd on Wednesday said that its board will have a meeting on January 8 to consider and approve the buyback of shares.
Following the news, shares of the two-wheeler maker extended the day’s gains and rose nearly 6% to scale a lifetime high of Rs 7,059.85.
This is the second time Bajaj Auto will be doing a share buyback if the board approves.
In July 2022, Bajaj Auto launched a share buyback worth Rs 2,500 crore. The buyback was done at Rs 4,600 a share.
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