Savita Oil buyback 2024 record date: Savita Oil, a smallcap firm, has fixed record date for the buyback scheme of 5.40 lakh shares at the face value of Rs 2 each amounting up to Rs 36 crore. The company set the buyback price at Rs 675 per share, reflecting a premium over 10% from current market price. Buyback is a corporate action in which the company repurchases its own shares to boost investors confidence and increase the value of existing shares in the markets.
Savita Oil buyback record date
Savita Oil has fixed Friday, August 16, 2024 as the record date for the purpose of determining the eligibility of the shareholders for the participation of buyback of equity shares of the company.
“…Board of Directors approved the proposal of Buy-back of up to 5,40,000 fully paid-up Equity Shares of the Company of face value of ₹ 2/- (Rupees Two only) through the “tender offer” route, each at a price of ₹ 675/- (Rupees Six Hundred Seventy Five Only) per Equity Share, payable in cash, for an aggregate amount not exceeding ₹ 36,45,00,000/- (Rupees Thirty
Six Crores Forty Five Lakhs Only),” Savita Oil said in a filing.
Savita Oil share price
Shares of Savita Oil are up 3.60% on BSE, August 06. Around 12:42 PM, shares were trading at Rs 594.95 per share against the previous day close at Rs 573.60 per share.
Savita Oil market cap
The M-cap of Savita Oil stands at Rs 4,111 crore as per BSE analytics. The company has a face value of Rs 2 each. It is a constituent of BSE Smallcap. The stock’s 52-week movement indicates a high of Rs 655 and a low of Rs 288.05.
Savita Oil fundamentals
Savita Oil’s Earnings Per Share (EPS) stands at Rs 29.56 per share on TTM basis. EPS indicates how much money a company earns on each stock. The Price-To-Earnings ratio of the stock stands at 19.40. It indicates the fair valuation of the company relative to its peers valuation.
Savita Oil share price history
Shares of Savita Oil surged about 47% in past six months, outperforming BSE Energy index, which gained 9.97% in the same period. The one- and three-year returns of the stocks stood at 95% and 71% respectively as per BSE analytics.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
