Atul Buyback vs VRL Logistics Buyback

The Buy-back is undertaken by the Company:
i) To return surplus funds to the equity shareholders.
ii) To improve earnings per share by reducing the equity base and lead to a long-term increase in the value of shareholders.

The Buyback will help the Company achieve the following objectives:
i) Optimize returns to shareholders;
ii) Enhance overall shareholders’ value; and
iii) Improve return on equity by reduction in the equity base.