• Buyback Issues List

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1. When is Savita Oil Buyback offer coming?

   The Savita Oil Buyback opens on Apr 15, 2021, and closes on Apr 29, 2021.

2. Which type of buyback is Savita Oil Buyback offer?

   The Savita Oil Buyback is a Tender Offer.

3. What is the schedule of activities for Savita Oil Buyback?

   Savita Oil Buyback Schedule

   Buyback Opening Date	Apr 15, 2021
   Buyback Closing Date	Apr 29, 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

4. What is the offer price for Savita Oil Buyback offer?

   The Savita Oil Buyback is being offered at Rs ₹1400 per share per equity share.

5. In what ratio is the Savita Oil Buyback offered?

   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

6. What is the record date for Savita Oil Buyback offer?

   The record date for the Savita Oil Buyback is Mar 5, 2021.

7. What is the issue size of Savita Oil Buyback?

   The issue size of Savita Oil Buyback is of 0.03 Crores equity shares at ₹1400 per share aggregating upto ₹35.14 Crores.

8. What is the necessity for Savita Oil Buyback?

   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.
   

9. Where can I get the Letter of Offer for Savita Oil Buyback?

   Letter of Offer

10. How to participate in Savita Oil Buyback?

    All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

    The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

    The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

    The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

11. Is Savita Oil Buyback good or bad?

    The Savita Oil Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.