Bajaj Consumer to buy back shares worth ₹186.6 crore and demerge Vishal Personal Care to streamline operations and boost efficiency.

• Board approves buyback of 64.34 lakh shares at ₹290, a 24% premium; promoters won’t participate in the offer.
• Buyback represents ~24% of free reserves; subject to shareholder approval via postal ballot and SEBI norms.
• Demerger to consolidate operations, improve market reach, and simplify structure; no impact on shareholding pattern.