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Incorporated in July 1961 as Stauffer Chemicals Private Limited, the Company's name was changed to Savita Oil Technologies Limited in May 2009 to reflect its core line of business activities.
The Company is engaged in the manufacturing and marketing of petroleum specialty products like transformer oils, white oils, lubricating oils, industrial oils, greases, etc. The Company has also set up several windmills (ranging in capacities from 350 KW to 1650 KW) in Maharashtra, Karnataka, and Tamil Nadu to generate wind energy.
The Company sells its products in the domestic and international markets. Savita Oil Technologies launched its lubricating oil brand SAVSOL in the retail domestic market in 2007. The Company supplies; Transformer Oil to most of the electricity boards and big transformer manufacturers, Lubricating Oils to most of the leading two-wheeler OEMs (Original Equipment Manufacturers), and White Oils to the top FMCG companies and has developed a niche for quality products over the years.
| Issue Period | Apr 15, 2021 - Apr 29, 2021 |
| Security Name | Savita Oil Technologies Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.03 Crores |
| Issue Size (Amount) | ₹35.14 Crores |
| Buyback Price | ₹1400 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Offer Opens On | Apr 15, 2021 |
| Offer Closes On | Apr 29, 2021 |
| Record Date | Mar 5, 2021 |
| Last Date for receipt of Tender Forms | May 3, 2021 |
| Finalisation of Buyback Acceptance | May 7, 2021 |
| Last Date for settlment of bids | May 10, 2021 |
| Last Date for Extinguishment of Shares | May 17, 2021 |
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 21 Equity Shares held on the Record Date |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 62 Equity Shares held on the Record Date |
| Particulars | For the year/period ended (Rs. in Lakhs) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 2,05,778.42 | 2,28,091.73 | 1,83,418.04 |
| Profit After Tax | 9,564.24 | 11,427.01 | 12,619.59 |
| Net Worth | 86,858.47 | 85,160.48 | 74,230.93 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 745 | 655.1 | 700.14 |
| Dec-2020 | 800 | 695 | 724.13 |
| Nov-2020 | 784 | 670 | 688.31 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 742 | 655 | 699.84 |
| Dec-2020 | 845.7 | 691 | 723.66 |
| Nov-2020 | 790 | 664.95 | 689.62 |
The Buy-back is being undertaken by the Company to:
i) To enhance the equity shareholders returns; and
ii) To improve financial ratios like earnings per share, return on equity, by reduction in the equity base.
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Savita Oil Technologies Limited
66/67, Nariman Bhavan,
Nariman Point,
Mumbai – 400021
Phone: +91-22-66246200
Email: legal@savita.com
Website: http://www.savita.com/
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: savita.buyback2021@linkintime.co.in
Website: https://linkintime.co.in/
Lead Manager(s)
Registered Broker
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