Aarti Drugs Buyback vs Gujarat Apollo Industries Buyback

The Buyback aims to :
i) Service the equity more efficiently.
ii) Return surplus cash to the shareholders.
ii) Improve Return on Equity
iii) Improve earnings per share and thus increase the shareholder's value in the long-term.

The Buy-back is being undertaken by the Company to:
i) Effectively utilize surplus cash;
ii) Reduce the fully paid-up, issued and outstanding number of equity shares and consequently increase earnings per share; and
iii) Improve financial ratios like return on net worth and return on capital employed.