Gulf Oil Lubricants Buyback 2022
Gulf Oil Lubricants India Ltd (GOLIL), part of the Hinduja Group, is an established player in the Indian Lubricants Industry. Gulf Oil International (GOI), parent of GOLIL, owns the Gulf brand globally (except USA, Spain & Portugal). Previously a part of Gulf Oil Corporation Limited, today, GOLIL, as part of the parent company GOI, enjoys a presence in over a 100 countries.
The ‘Gulf Oil’ brand enjoys a position among the Top 3 lubricant brands with regards to brand awareness, purchase consideration and other parameters. The brand is known for its rich history and association with the world of sports, and they are proud to have the modern legend, Mahendra Singh Dhoni as their Brand Ambassador.
Gulf Oil Lubricants collaborated with Top OEM’s and B2B customers like Ashok Leyland, Mahindra, Swaraj Volvo Penta, MAN, Bharat Benz Whitmore, Schwing Stetter and Bajaj. These significant partnerships have helped it adapt and pioneer many go-to-market models in the automotive industry like co-brand oils, genuine oils and approved oils.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Feb 21 2022|
|Buyback Opening Date:||Mar 25 2022|
|Buyback Closing Date:||Apr 07 2022|
|Buyback Offer Amount:||₹ 85.2 cr|
|Date of Board Meeting approving the proposal:||Feb 09 2022|
|Date of Public Announcement:||Feb 09 2022|
|Buyback Offer Size:||85%|
|Buyback Number of Shares:||14,16,667|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 600 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Profit before tax||116||153||181||243||275||265||269|
|EPS in Rs||15.62||20.24||23.69||31.90||35.70||40.42||39.77|
|Dividend Payout %||35%||35%||36%||33%||32%||35%||40%|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,64,502||1,64,502||1,64,502||1,64,502|
|No. of Shares buyback||109||166||249||333|