India's Bajaj Auto soars on $482 million share buyback plan

BENGALURU (Reuters) - Shares of Bajaj Auto rose over 5% on Tuesday after the company said it will buy back shares worth up to 40 billion rupees (nearly $482 million).

The company will buy back shares at an over 43% premium to its last closing price of 6,983.85 rupees.

(Reporting by Manvi Pant in Bengaluru; Editing by Savio D'Souza)