Latest news with #BajajConsumer
Time of India
16 hours ago
- Business
- Time of India
Bajaj Consumer shares shed over 4% after board approves Rs 186 cr share buyback
Shares of Bajaj Consumer Care slipped 4.53% to a day's low of Rs 231.02 on NSE on Friday, July 25, after the company's board approved a share buyback proposal. The company plans to repurchase 64 lakh fully paid-up equity shares, representing 4.69% of total equity as of March 31, 2025. The buyback will be carried out via the tender offer route through the stock exchange. The buyback price has been set at Rs 290 per share, with the total offer size not exceeding Rs 186.60 crore, payable in cash. This excludes additional expenses such as brokerage, taxes, and other statutory costs. The buyback is subject to shareholder approval, and Anand Rathi Advisors has been appointed as the transaction manager. The announcement comes amid a strong rally in Bajaj Consumer shares , which have risen 40% in the last three months, despite being down 11% over the past year. The recent uptrend has pushed the stock above its 50-day and 200-day simple moving averages of Rs 197.8 and Rs 192.6, respectively, according to Trendlyne data. The company has yet to announce its Q1FY26 earnings. In the March-ended quarter (Q4FY25), Bajaj Consumer reported a net profit of Rs 31 crore, down 13% from Rs 36 crore a year ago. Total revenue for the quarter rose 3% YoY to Rs 259 crore, compared to Rs 252 crore in Q4FY24. On Thursday, shares closed flat at Rs 244.45 on BSE. Also read: Vijay Kedia exits Tata stock after making multibagger returns in 5 years
Time of India
a day ago
- Business
- Time of India
Bajaj Consumer board approves share buyback of 4.69% equity worth Rs 187 crore. Check buyback price
Bajaj Consumer Care 's board of directors on Thursday approved a proposal to buyback 64 lakh fully paid up equity shares from all shareholders and beneficial owners. The equity shares represented 4.69% stake of the company as of March 31, 2025. It has set the buyback price at Rs 290 per equity share which will be payable in cash while the offer size will not exceed Rs 186.60 crore. The shares will be acquired through the tender offer route via the stock exchange. The offer size excludes expenses to be ed for the Buyback viz. brokerage costs, fees, turnover charges, securities transaction tax among other things. The buyback offer is subject to the approval of the shareholders. Live Events The board has appointed Anand Rathi Advisors as the manager to the buyback. Bajaj Consumer shares today ended at Rs 245.08 on the NSE, gaining by Rs 2.53 or 1.04% over the Wednesday closing price. Bajaj Consumer shares have declined 11% over a 1-year period while showing a strong comeback of the last three month during which it has rallied 40%. The price uptick has ensured that the stock trades above its 50-day and 200-day simple moving averages (SMAs) of Rs 197.8 and Rs 192.6, respectively according to Trendlyne data. The company is yet to announce its June quarter earnings. It had reported a consolidated net profit of Rs 31 crore in the March ended quarter which was a fall of 13% over Rs 36 crore reported in the year ago period. The total revenue was reported at 259 crore, which was growth of 3% YoY versus 252 crore in the corresponding quarter of the last financial year.
Economic Times
4 days ago
- Business
- Economic Times
Bajaj Consumer board to meet on July 24 to consider share buyback, stock rallies 5%
Bajaj Consumer Care shares jumped 5.4% on Monday, hitting an intraday high of Rs 253.45 on the BSE, after the company announced that its Board of Directors will meet on Thursday, July 24, to consider a share buyback proposal. ADVERTISEMENT In a regulatory filing, Bajaj Consumer stated that the board meeting will be held to consider and approve proposal for buyback of fully paid-up equity shares of the Company, in accordance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018. The company also noted that matters related and incidental to the buyback will be discussed in the meeting. 'The meeting of Board of Directors of the Company is scheduled on Thursday, July 24, 2025, inter alia, to consider and approve proposal for buyback of fully paid-up equity shares of the Company, in accordance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, including matters related/incidental thereto,' said the company in its regulatory Bajaj Consumer has confirmed that the trading window for dealing in its securities will remain closed for designated persons under its Code of Conduct. The trading window, which closed from July 1, 2025, will remain shut until 48 hours after the announcement of its unaudited financial results for the quarter ended June 30, to Trendlyne data, Bajaj Consumer Care has approved a share buyback twice in its history, once in May 2024, while the other one in December 2022. ADVERTISEMENT Also read: Early Q1 results show a slowdown in revenue and profit growth for Indian companies As for other corporate actions, the company has not issued any bonus shares in the past; however, it has split its shares once in 2011. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
4 days ago
- Business
- Time of India
Bajaj Consumer board to meet on July 24 to consider share buyback, stock rallies 5%
Bajaj Consumer Care shares jumped 5.4% on Monday, hitting an intraday high of Rs 253.45 on the BSE, after the company announced that its Board of Directors will meet on Thursday, July 24, to consider a share buyback proposal. In a regulatory filing, Bajaj Consumer stated that the board meeting will be held to consider and approve proposal for buyback of fully paid-up equity shares of the Company, in accordance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018. Explore courses from Top Institutes in Select a Course Category CXO Product Management Technology Cybersecurity Leadership PGDM Public Policy Data Science Management healthcare Data Science MCA MBA Healthcare Design Thinking others Finance Artificial Intelligence Digital Marketing Degree Project Management Others Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Crossout 2.0: Supercharged Crossout Play Now Undo The company also noted that matters related and incidental to the buyback will be discussed in the meeting. 'The meeting of Board of Directors of the Company is scheduled on Thursday, July 24, 2025, inter alia, to consider and approve proposal for buyback of fully paid-up equity shares of the Company, in accordance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, including matters related/incidental thereto,' said the company in its regulatory filing. Separately, Bajaj Consumer has confirmed that the trading window for dealing in its securities will remain closed for designated persons under its Code of Conduct. The trading window, which closed from July 1, 2025, will remain shut until 48 hours after the announcement of its unaudited financial results for the quarter ended June 30, 2025. Live Events Bajaj Consumer Care share buyback history According to Trendlyne data, Bajaj Consumer Care has approved a share buyback twice in its history, once in May 2024, while the other one in December 2022. Also read: Early Q1 results show a slowdown in revenue and profit growth for Indian companies As for other corporate actions, the company has not issued any bonus shares in the past; however, it has split its shares once in 2011.
Mint
4 days ago
- Business
- Mint
This Bajaj group company is slated to consider buyback of shares on THIS date. Check details
Bajaj Consumer share buyback: The board of directors of Bajaj Consumer Care, a Bajaj group company, is slated to meet later this week on July 24 to consider a buyback of shares, the company informed exchanges today, July 21. The BSE Smallcap stock in an exchange filing said, 'The meeting of Board of Directors of the Company is scheduled on Thursday, July 24, 2025, inter alia, to consider and approve proposal for buyback of fully paid-up equity shares of the Company, in accordance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, including matters related/incidental thereto.'
