Savita Oil Technologies of ₹36.45 crores approved by the board of directors at the meeting was held on August 3, 2024. Savita Oil Technologies will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹2 each equity share at a price of ₹675 per Equity Share and for an aggregate amount not exceeding ₹36.45 crores from the shareholders. Check out Savita Oil Technologies Buyback 2024 details below:
In 1961, Mr. Nandkishore Mehra and his father, Mr. Devichand Mehra, founded Savita Oil Technologies Limited. It is headquartered in Mumbai. It is among the top producers of lubricants and petroleum specialties. Savita started out as a petroleum jelly and liquid paraffin manufacturing facility in Mumbai. Over time, it grew to include locations in Turbhe, Mahad, and Silvassa. The company was renowned for its creative research and development and was the first in India’s private oil sector to receive government recognition in 1976. In 1994, Savita went public. In 2007, it introduced its own lubricant brand, SAVSOL. Savita is renowned for its dedication to sustainability and for using renewable energy sources. Savita is committed to driving growth and adding value for all stakeholders. The company operates modern production facilities in over 75 countries and has ISO 9001 certification.
Savita Oil Technologies History
- N/A
Savita Oil Technologies Buyback 2024 Dates
| Buyback Meeting Date: | August 3, 2024 |
| Buyback Announcement Date: | August 3, 2024 |
| Buyback Record Date: | August 16, 2024 |
| Last Date to Buy Shares: | August 14, 2024 |
| Buyback Open Date: | 2024 |
| Buyback Close Date: | 2024 |
| Finalization of Buyback Acceptance: | 2024 |
Savita Oil Technologies Buyback 2024 Offer Details
Savita Oil Technologies of 540,000 equity shares at a price of ₹675 per equity share. The buyback offers not to exceed ₹36.45 crores of the total buyback offer size.
| Offer Amount: | ₹36.45 Crores |
| Number of Shares: | 540,000 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹675 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Savita Oil Technologies Buyback 2024 Acceptance Ratio
The investor should buy around 296 shares at a current market price of ₹628 (as of date). The calculation will be ₹2,00,000 / ₹675 buyback price = 296 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹185888 | 97 | ₹4559 |
| 50% | ₹185888 | 148 | ₹6956 |
| 75% | ₹185888 | 222 | ₹10434 |
| 100% | ₹185888 | 296 | ₹13912 |
Savita Oil Technologies Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹2,853.14 | ₹2,517.97 | ₹249.99 |
| 2023 | ₹3,653.37 | ₹3,350.61 | ₹225.70 |
| 2024 | ₹3,815.16 | ₹3,547.82 | ₹204.29 |
How to Participate in Savita Oil Technologies Buyback 2024
The investors are eligible for the buyback scheme who have Savita Oil Technologies shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Savita Oil Technologies Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the Savita Oil Technologiesepted shares by the company under the Savita Oil Technologies scheme.
Savita Oil Technologies Buyback 2024 Registrar
To be updated soon
Savita Oil Technologies Buyback 2024 Lead Managers
- To be updated soon
Savita Oil Technologies Company Address
Savita Oil Technologies Limited
66/67, Nariman Bhavan,
Nariman Point,
Mumbai – 400 021
Phone: +91-22-2288 3061
Email: [email protected]
Website: https://www.savita.com/index.php
How to Apply the Savita Oil Technologies through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Savita Oil Technologies”. Click on Place Order. Enter your Quantity and submit Savita Oil Technologies Application Form.
How to Apply the Savita Oil Technologies through Upstox?
Log in to Upstox Application with your credentials. Select the Savita Oil Technologies. You will see the Company Name “Savita Oil Technologies”. Click on Savita Oil Technologies Stock for Buyback. Enter your Quantity and submit Savita Oil Technologies Application Form.
How to Apply the Savita Oil Technologies through Savita Oil Technologies Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Savita Oil Technologies. Enter your Quantity and submit Savita Oil Technologies Application Form.
