Bajaj Consumer Care Limited (BSE:533229) announces a share repurchase program. Under the program, the company will repurchase up to INR 808.9 million worth of its shares. The shares will be repurchased at a price at a price not exceeding INR 240 per share.

The purpose of the program is to return surplus cash to Its shareholders, improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders value and enhanced return on invested capital. The program will be funded out of the internal accruals of the company including free reserves of the company. The program is valid till June 16, 2023.

As of December 2, 2022, the company had 147,540,159 shares outstanding.