Alembic, Savita Oil: Eyes on buyback meet

Shares of Alembic will remain in focus on Tuesday, as its board meets to consider December quarter results and a proposal to buy back its shares. The board of Savita Oil Technologies too will meet on January 23 to consider a buyback of shares. Investors in these companies will closely monitor the quantum of buyback, mode of buyback (open market, or tender route) and offer price. Promoters’ discretion will also be closely monitored by investors.