Bajaj Consumer Buyback 2022 description – Bajaj Consumer Care is engaged in the business of cosmetics, toiletries and other personal care products. The Company has presence in both domestic and international markets. It is leader in the Indian light hair oil segment and its market share in the segment increased to 64% in FY 2019 from 52% in FY 2012. In the bigger total hair oil segment, its market share was estimated at 10.5% in January 2020.
While the majority of its revenue is derived from Bajaj Almond Drops Hair Oil, the company is trying to reduce dependence on its star product and is diversifying in the premium hair oil category like Amla-based oils as well as different segments. Bajaj Consumer Care entered the Personal Hygiene Segment with the launch of a new product, the Bajaj Nomarks Hand Sanitizer.
The company has a nationwide distribution network of over 9,000 distributors spanning close to 41 lakh retail outlets. Bajaj Consumer Care also has a strong presence in India’s rural markets. The rural segment accounted for nearly 40% of the company’s revenue in FY 2019.
Bajaj Consumer Share Buyback 2022 Details
| Bajaj Consumer Buyback Dates | 19 December 2022 – 13 April 2023 |
| Bajaj Consumer Buyback Maximum Price | INR 240 per share |
| Market Price on Buyback Approval | INR 179.65 per share |
| Buyback Premium on Market Price | 33.59% |
| Buyback Offer Size (Minimum Shares) | 33,70,416 shares |
| Buyback Offer Size (Maximum Amount) | INR 80.89 crore |
| Offer Type | Open Market |
| Promoter Participation | No |
| Face Value | INR 1 per share |
| Listing At | BSE, NSE |
Buyback Closure Details
| Buyback Average Price | INR 164.59 per share |
| Buyback Offer Size (Shares) | 49,14,159 shares |
| Buyback Offer Size (Amount) | INR 80.88 crore |
Bajaj Consumer Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 5 December 2022 |
| Buyback Approval Date | 9 December 2022 |
| Public Announcement of Buyback | 13 December 2022 |
| Bajaj Consumer Buyback Record Date | Not Applicable |
| Buyback Opening Date | 19 December 2022 |
| Buyback Closing Date | 13 April 2023 |
Bajaj Consumer Buyback 2022 Documents
Completion of Buyback
Public Announcement
Board Approval
Upcoming Share Buyback
Bajaj Consumer Buyback Entitlement Ratio
There is no shareholder entitlement since the buyback will be conducted through open market purchases.
Bajaj Consumer Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Total Income | 874.09 | 949.15 | 916.94 |
| Total Expenses | 637.87 | 672.44 | 700.81 |
| Net income | 190.55 | 223.57 | 174.54 |
Registrar of Bajaj Consumer Buyback 2022
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +040 67162222
E-mail: [email protected]
Website: www.kfintech.com
Manager of Bajaj Consumer Buyback 2022
ICICI SECURITIES LIMITED
ICICI Venture House,
Appasaheb Marathe Marg,
Prabhadevi, Mumbai – 400025
Phone: +91 226807 71 00
Email: [email protected] / [email protected]
Website:Â www.icicisecurities.com
Process to Participate in Bajaj Consumer Buyback
Buybacks are conducted either through open market or through a tender process.
Through Tender Process
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stock broker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Through Open Market
Investor shareholders don’t have to do anything as the company purchases shares through the open market at the prevailing rates and cancels the shares. Since the shares in circulation are reduced by these operations, the fair value of the remaining shares increase, effectively making them more valuable.
Frequently Asked Questions
What are Bajaj Consumer buyback dates?
Bajaj Consumer share buyback opens on 19 December 2022 and closes on 13 April 2023.
Which type of buyback is Bajaj Consumer buyback offer?
Bajaj Consumer buyback is an open market offer.
What is Bajaj Consumer buyback price?
Bajaj Consumer’s buyback price is INR 240 per share.
What is the Bajaj Consumer buyback record date?
Bajaj Consumer buyback record date is Not Applicable.
How to participate in Bajaj Consumer share buyback?
Bajaj Consumer share buyback will be conducted through open market purchases and thus, no special participation is required from investors.
