|Buyback Dates||15 Apr 2021 - 29 Apr 2021|
|Record Date||05 Mar 2021|
|Approval Date||19 Feb 2021|
|Public Announcement||19 Feb 2021|
|Buyback Offer||Rs.35.14 crores|
|Buyback Offer Size||1.78%|
|Number of Shares||300000|
|Buyback Type||Tender Offer|
Mr. Nandkishore Mehra, along with his father Mr. Devichand Mehra founded Savita in 1961. They have setup Savita’s first manufacturing unit at Sakinaka, Mumbai in 1961 to manufacture liquid paraffin as an import substitute. This was soon followed by the production of petroleum jelly in 1965. Then a year later, Savita built its second manufacturing unit at Turbhe, on the out-skirts of Mumbai for the manufacture of petroleum specialties.
IN 1976, Savita’s Research and Development Department was setup to be the first of its kind in the private sector oil industry in India to be recognized by the Government of India’s Department of Science and Technology.
Entitlement Ratio of Buyback for Reserved Category for Small Shareholders is 1 Equity Shares out of every 21 Equity Shares held on the Record Date and
1 Equity Shares out of every 62 Equity Shares held on the Record Date for General Category for all other Eligible Shareholders
The Record Date for Savita Oil Technologies Limited Buyback is 05 Mar 2021.
The Savita Oil Technologies Limited Buyback will open on 15 Apr 2021 and closes on 29 Apr 2021.
The Buyback price of Savita Oil Technologies Limited is Rs.1400.
The Buyback Type of Savita Oil Technologies Limited is Tender Offer.