Aarti Drugs Buyback vs Savita Oil Buyback

The Buyback aims to :
i) Service the equity more efficiently.
ii) Return surplus cash to the shareholders.
ii) Improve Return on Equity
iii) Improve earnings per share and thus increase the shareholder's value in the long-term.

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.