Gulf Oil Lubricants Buyback 2022 announced on 14 Feb 2022. The Gulf Oil Lubricants buyback to start from 25 March 2022 and closes on 07 April 2022. The Company will do Buyback with equity of 14,16,667 Equity Shares around 2.8% of Face Value ₹2/ Each Fully paid off at a Price Of ₹600/- Per Equity. The size of this Buyback is about ₹85.00 Crores. And this will be done through a Buyback Tender Offer.
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 operations primarily in the Automotive and Industrial segments, and a leading presence in the open market through a stellar distributor network, we supply directly to OEMs and other B2B customers (Industries, Infrastructure, Mining & Fleet Customers, State Transport and Government Undertakings).
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Gulf Oil Lubricants are the Fastest Growing Lubricant Player by consistently outperforming the industry growth rate YOY. With 11% CAGR volume growth in the last 8 years, GOLIL has recorded 3x-4x times growth of the lube industry.The ‘Gulf Oil’ brand enjoys a position among the Top 3 lubricant brands with regards to brand awareness, purchase consideration and other parameters.Our brand is known for our rich history and association with the world of sports, and we are proud to have the modern legend, Mahendra Singh Dhoni as our Brand Ambassador.
Gulf Oil Lubricants Buyback 2022 Offer Details:
| Event Name | Details |
| Buyback Type | Tender Offer |
| Buyback Record Date | 21 Feb 2022 |
| Buyback Offer Amount | ₹85 Cr |
| Date of Board Meeting approving the proposal | 09 Feb 2022 |
| Date of Public Announcement | 14 Feb 2022 |
| Buyback Offer Size | 2.8% |
| Buyback Number of Shares | 14,16,667 |
| Listing | NSE, BSE |
| Face Value | ₹2/- Rs. |
| Buyback Price | ₹600/- per share. |
Gulf Oil Lubricants Buyback 2022 Important Dates :
We have covered all important dates related to “Gulf Oil Lubricants Buyback 2022” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 09 Feb 2022 |
| Buyback Approval date | 09 Feb 2022 |
| Public Announcement Date | 14 Feb 2022 |
| Buyback Record Date | 21 Feb 2022 |
| Buyback Opening Date | 25 Mar 2022 |
| Buyback Closing Date | 07 Apr 2022 |
Gulf Oil Lubricants Limited Financial Report (lakh) :
| Year | Revenue | Expense | PAT |
| 2021-6M | ₹972.39 | ₹852.82 | ₹89.05 |
| 2021 | ₹1704.26 | ₹1435.52 | ₹200.08 |
| 2020 | ₹1679.04 | ₹1414.50 | ₹202.52 |
| 2019 | ₹1735.33 | ₹1460.26 | ₹177.78 |
Quick Link :
Registrar of The Buyback :
KFin Technologies Private Limited
(Formerly known as “Karvy Fintech Private Limited”)
Selenium, Tower B, Plot No- 31 and 32,
Financial District, Nanakramguda, Serilingampally,
Hyderabad, Rangareddi 500 032
Telangana, India.
Tele : 18003094001
Email: [email protected]
Website: www.kfintech.com
Manager of The Buyback :
Motilal Oswal Investment Advisors Limited
Motilal Oswal Tower, Rahimtullah Sayani Road
Opposite Parel ST Depot, Prabhadevi,
Mumbai- 400 025, Maharashtra, India
Tel: +91 22 7193 4380
Email: [email protected]
Investor Grievance E-mail: [email protected]
Website: www.motilaloswalgroup.com
Company Address :
Gulf Oil Lubricants India Ltd
IN Centre, 49/50, 12th Road,
M.I.D.C Andheri (East) Mumbai, 400093
Phone: (+91) 22 6648 7777
Facsimile: (+91) 22 2824 8232
Email: [email protected]
Website: http://www.gulfoilindia.com/
How to Participate in Gulf Oil Lubricants Ltd buyback?
The Investors are eligible for the buyback scheme who have Gulf Oil Lubricants shares in their Demat account as the Record date is 21 Feb 2022 as the offer is Tender Offer. Investors can participate in the Gulf Oil Lubricants Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Gulf Oil Lubricants buyback scheme.
How to apply for Gulf Oil Lubricants buyback zerodha?
You can apply for the buyback, follow the steps below:
- Visit console.zerodha.com.
- Click on the context menu and then Portfolio.
- Click on Corporate actions.
- Click the Buybacks tab, tap on Gulf Oil Lubricants and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Gulf Oil Lubricants buyback on Groww?
You can apply for the buyback, follow the few steps below: This feature not applicable on Groww App only available on Groww Website.
- Visit the official Groww website.
- Search Gulf Oil Lubricants Buyback in the search option.
- You can see Gulf Oil Lubricants buyback result in search option tap on the Gulf Oil Lubricants buyback.
- You will reach the Gulf Oil Lubricants buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Gulf Oil Lubricants buyback on upstox?
You can apply for the buyback, follow the few steps below:
- Login to the Upstox app using your 6-digit PIN or biometrics.
- Click on the Account Section on your right bottom corner (Applicable New upstox app).
- Click ‘Account’, then ‘Corporate actions’ and then Buyback / Delisting/ Takeover.
- Select the Gulf Oil Lubricants stock for buyback.
- Enter the quantity and click on apply.
- If you have submitted your POA, then the buyback will be confirmed.
How to apply for Gulf Oil Lubricants buyback online?
You can apply for the buyback from Kfintech, follow the few steps below:
- Click the official Link. https://kosmic.kfintech.com/karisma/buybackofferv2.aspx
- Select your stock in drop down menu.
- Choose your holding Type and fill your details.
- Enter the security code in the security box.
- Click Submit button.
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Gulf Oil Lubricants Buyback 2022 FAQs:
When is Gulf Oil Lubricants Buyback Announcement Date?
Gulf Oil Lubricants buyback 2022 announcement date is 14 Feb 2022.
When is Gulf Oil Lubricants Buyback Open Date?
Gulf Oil Lubricants buyback Open date is 25 March 2022
When is Gulf Oil Lubricants Buyback Close Date?
Gulf Oil Lubricants buyback Close date is 07 April 2022.
When is Gulf Oil Lubricants Buyback Record Date?
Gulf Oil Lubricants buyback 2022 Record date is 21 Feb 2022 as the offer is Tender Offer.
What is Gulf Oil Lubricants Buyback Price?
Gulf Oil Lubricants company has fixed the price at ₹600 per share.
What is Gulf Oil Lubricants Buyback Offer Size?
Gulf Oil Lubricants company Buyback Offer Size is ₹85 Cr.
How to apply for Gulf Oil Lubricants Buyback 2022?
As per the record date you need to have Gulf Oil Lubricants shares in your Demat account. You can participate in buyback after having the stock in your account.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.