Savita Oil spurts as board OKs 5-for-1 stock split

21 Jun 2022 , 03:30 PM

The board approved sub-division of equity share having face value of Rs 10 each fully paid up into five equity shares having face value of Rs 2 each. The expected time for the completion of the stock split is approximately two months from the approval of the shareholders of the company. Savita Oil Technologies is principally engaged in two segments, namely, manufacturing of petroleum speciality products and generation of electricity through wind power plants. On a consolidated basis, the companys net profit declined 34.91% to Rs 63.05 crore on 25.65% rise in net sales to Rs 818.96 crore in Q4 March 2022 over Q4 March 2021. Powered by Capital Market – Live News