Gulf Oil Lubricants Buyback 2022 Record Date, Price & Acceptance Ratio

Gulf Oil Lubricants (NSE: GULFOILLUB, BSE: 538567) buyback was announced on 09 February 2022. Gulf Oil Lubricants buyback record date is 21 February 2022. The investor should buy the Gulf Oil Lubricants shares on or before 19 February to get the eligibility for the buyback.

Gulf Oil Lubricants India Ltd (GOLIL), part of the Hinduja Group, is an established player in the Indian Lubricants Industry. Gulf Oil International (GOI), the 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 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).

They 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. Their Comprehensive Product Portfolio covers Automotive, Industrial, and Marine applications, with approvals from bodies like API, JASO, ACEA, and leading global OEMs. Gulf in India is the pioneer of the ‘long drain interval’ platform and has several industry firsts to its credit, helping us establish strong positions in the commercial vehicles sector (Diesel Engine Oil and 2-Wheeler Motor Oil segments). They collaborated with Top OEMs and B2B customers like Ashok Leyland, Mahindra, Swaraj Volvo Penta, MAN, Bharat Benz Whitmore, Schwing Stetter, and Bajaj. These significant partnerships have helped us adapt and pioneer many go-to-market models in the automotive industry like co-brand oils, genuine oils, and approved oils. The ‘Gulf Oil’ brand enjoys a position among the Top 3 lubricant brands with regards to brand awareness, purchase consideration, and other parameters. Their brand is known for its rich history and association with the world of sports, and we are proud to have the modern legend, Mahendra Singh Dhoni as their Brand Ambassador. Check out Gulf Oil Lubricants Buyback 2022 details below:

Table of Content

Gulf Oil Lubricants Buyback 2022 Time Table

Gulf Oil Lubricants Buyback 2022 Offer Details

Gulf Oil Lubricants buyback of 14,16,667 equity shares that are around 85% of all the existing number of equity shares at a price of ₹600 per equity share. The buyback offers not to exceed ₹85 crores of the total buyback offer size.

Gulf Oil Lubricants Buyback Acceptance Ratio

The investor should buy around 333 shares at a current market price of ₹494. The calculation will be Rs.2,00,000 / 600 buyback price = 333 shares.

Gulf Oil Lubricants Financial Report

Gulf Oil Lubricants Buyback Eligible Share Holders

The investors are eligible for the buyback scheme who have Gulf Oil Lubricants shares in their Demat account as the record date is 21 February 2022. 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.

Gulf Oil Lubricants Company Address

Gulf Oil Lubricants Buyback 2022 FAQs

Note: If anything you want to know about the buyback offer you can refer to the Gulf Oil Lubricants buyback offer documents.

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