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GAIL share buyback offer to open on February 25


Updated Feb 18, 2021 | 14:32 IST
The share buyback will close on March 10. The funds for the buyback will be met out of internally-generated cash resources, GAIL added.
GAIL share buyback offer to open on February 25 
New Delhi: GAIL India will open its buyback on February 25 for up to 6.97 crore fully paid-up equity shares of face value Rs 10 each. This represents 1.55 per cent of the total number of equity shares in issued, subscribed and paid-up equity share capital of the company, the company said.
In a release, the company stated that the company will buy back shares from all existing shareholders and beneficial owners as on record date which is January 28 on a proportionate basis. GAIL said this will be done through the tender offer process at a price of ₹150 per equity share for an aggregate consideration not exceeding Rs 1,046.35 crore. ....

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GAIL announces Rs 1,046 crore share buyback, declares interim dividend


Updated Jan 15, 2021 | 17:11 IST
GAIL is the nation s largest gas distribution firm. The government has asked about eight state-owned companies to consider share buybacks as it scours for ways of raising funds to rein in its fiscal deficit
GAIL announces Rs 1,046 crore share buyback, declares interim dividend 
New Delhi: Public sector natural gas processing and distribution company GAIL on Friday announced share buyback of 6,97,56,641 equity shares of face value of Rs 0 each (representing 1.55 % of the total number of fully paid-up equity shares in the paid-up share capital of the company) at a price of Rs 150 for an aggregate consideration of Rs 1,046.35 crore. ....

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GAIL India Ltd board approves buyback at Rs. 150


GAIL India Ltd board approves buyback at Rs. 150
Posted On:
2021-01-15 01:59:52
(Time Zone: Arizona, USA)
The Board of Directors of GAIL (India) Ltd in their meeting held on 15th January, 2021 has approved the buyback of the fully paid up equity shares of the Company of face value of Rs. 10/ each. The buyback of not exceeding 6,97,56,641 (Six Crores Ninety Seven Lakhs Fifty Six Thousand Six Hundred Forty one) fully paid-up equity shares of face value of Rs. 10 each (representing 1.55% of the total number of fully paid-up equity shares in the paid-up share capital of the Company) at a price of Rs. 150 (Rupees one Hundred Fifty Only) per equity share (the Buy Back Offer Price ) payable in cash for an aggregate consideration not exceeding Rs. 1046.35 crores (Rupees One Thousand Forty Six crores Thirty Five Lakhs only) (the Buyback Offer Size ) representing 2.50% and 2.26% of the aggregate of the fully paid-up equity share capital and free reserves as per the au ....

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