Gujarat Apollo Industries Buyback vs Savita Oil Buyback

The Buy-back is being undertaken by the Company to:
i) Effectively utilize surplus cash;
ii) Reduce the fully paid-up, issued and outstanding number of equity shares and consequently increase earnings per share; and
iii) Improve financial ratios like return on net worth and return on capital employed.

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.