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Bajaj Auto Ltd on Monday said its Rs 5,632.8-crore share buyback will start from July 1, 2026. The company is undertaking a buyback of up to 46.94 lakh fully paid-up equity shares of face value of Rs 10 each at a price of Rs 12,000 per share, payable in cash, for an aggregate amount of up to Rs 5,632.8 crore, Bajaj Auto said in a regulatory filing. The proposal was first passed by the company's board on May 6, 2026, and subsequently by shareholders by way of a special resolution through postal ballot notice on May 14, 2026, the results of which were announced on June 18, 2026. The opening date of the buyback will be July 1, 2026, and will close on July 7, 2026, the filing said. On the rationale of the buyback, Bajaj Auto said the growth of its business, robust cash generation and strong balance sheet position allow it "to reward its shareholders from time to time, as in the current instance, while retaining sufficient capital for growth and investment opportunities". "The buyback
Finance Minister Nirmala Sitharaman on Sunday said buyback proceeds for all types of shareholders will be taxed as capital gains. Presenting the Union Budget for 2026-27, Sitharaman also proposed to raise Securities Transaction Tax to 0.05 per cent on commodity futures from 0.02 per cent. She further said MAT (Minimum Alternate Tax ) will be made final tax and the rate will be reduced to 14 per cent from current 15 per cent. She also said the government has proposed a joint panel of Corporate Affairs Ministry and CBDT for incorporation of income computation and disclosure standards. National Destination Digital Knowledge Grid will be established to digitally document all places of significance, she added.