Gulf Oil Lubricants Buyback Details 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.

With 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).

Gulf Oil Lubricants Buyback 2022 Offer Details

Buyback Open Date 25-March-2022
Buyback Close Date 07-April-2022
offer Price 600 Rs
Issue Size 85 Crore
Size in Shares 14,16,667
Symbol GULFOILLUB
Face value 2
Listing At NSE,BSE
Retail 15% (2,12,500 Shares)
Public Announcement Update Soon

Gulf Oil Lubricants Buyback 2022 Time Table

Record Date 21-February-2022
Meeting Date 9-February-2022
Finalization of Buyback Acceptance 19-April-2022
Last Date for settlement of bids 20-April-2022

Gulf Oil Lubricants Buyback Ratio

Retail Entitlement Ratio : 27 Share against 374 Shares (7.22%)

Expected Retail Acceptance Ratio : 20 – 25%

Gulf Oil Lubricants Buyback Registrar

Kfin Technologies Private Limited
Selenium Tower B, Plot 31 & 32
Gachibowli Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032, Telangana
Phone: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com.com

Gulf Oil Lubricants Buyback Lead Managers

Motilal Oswal Investment Advisors Pvt Ltd

Gulf Oil Lubricants Buyback Lead Managers

Gulf Oil Lubricants India Ltd
IN Centre, 49/50, 12th Road,
M.I.D.C Andheri (East) Mumbai, 400093
Phone: (+91) 22 6648 7777
Email: [email protected]
Website: http://www.gulfoilindia.com/

2 Comments

Add a Comment
  1. Vinayak Dattatraya Bakre

    Very Good timely information about Buy back of stock shares

Leave a Reply

Your email address will not be published. Required fields are marked *