Nava Bharat Ventures Buyback vs Savita Oil Buyback

The Buyback is undertaken by the Company to:
(i) Optimize returns to shareholders.
(ii) Enhance overall shareholder's value.
(iii) Return surplus cash to the shareholders.
(iv) To improve return on equity.

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.