Gail India Buyback Date and Price

Gail India Buyback Details: GAIL’s board of directors approved the “buyback of about Rs. 5.70 crore shares at a price of Rs. 190 per share, amounting to approximately Rs. 1,083 crores“.

The repurchase price of equity shares is 24 percent more than the NSE’s end price on 30 March 2022. GAIL spent Rs.1,046.35 crore on a similar share buyback in 2020-21.

GAIL India has always been kind to its shareholders, paying out regular dividends, issuing bonus shares, and buying back shares at a premium. The corporation paid the biggest ever interim dividend of Rs. 3,996 crore during the current financial year (at the rate of 90 per cent of the face value). In FY09, FY17, FY18, and FY20, the firm granted bonus shares.

Gail India Buyback
Gail India Buyback

Gail India Buyback Details

Security NameGAIL India Limited
Buyback TypeTender Offer
Buyback Record DateApr 22, 2022
Offer Opens OnTo be announced
Offer Closes OnTo be announced
Buyback Offer AmountRs 1,082.72 Cr.
Listing AtBSE, NSE
Buyback Offer Size (Shares)Rs. 5.70 Cr.
Buyback PriceRs. 190 Per Equity Share
Face ValueRs. 10 Per Equity Share
Last Date for receipt of Tender FormsTo be announced
Acceptance of the BuybackTo be announced
Last Date for settlment of bidsTo be announced
Last Date for Extinguishment of SharesTo be announced

Gail India Record Date

GAIL India has set 22 April 2022 as the record date for determining whether stockholders are eligible for equity share buybacks.

You may also read this: What is BuyBack of Share?

About Gail India Limited BuyBack

GAIL India Limited is a natural gas firm that produces, transports, trades, and explores natural gas, petrochemicals, LPG, LNG re-gasification, and liquid hydrocarbons, among other things. The corporation owns and manages a natural gas pipeline network spanning 13,340 kilometres across the country. In 1984, GAIL India Limited was formed.

GAIL India, which began as a gas transmission company in the late 1980s, has grown organically by constructing a large network of natural gas pipelines covering over 11,000 kilometres, two LPG pipelines covering more than 2,000 kilometres, six gas processing plants for the production of LPG and other liquid hydrocarbons with a combined production capacity of around 1.3 million tonnes per annum, and an integrated gas-based petrochemical plant with a capacity of 810,000 tonnes per annum. Brahmaputra Cracker and Polymer Limited (BCPL), which has built a 280,000 TPA polymer factory in Assam, owns 70% of the company. GAIL is also a co-promoter of ONGC Petro-additions Limited (OPaL), which is building a greenfield petrochemical complex with a polymer capacity of 1.4 million tonnes per annum in Dahej, Gujarat.

With participation interests in 11 E&P Blocks, including two in Myanmar, the company has incorporated upstream into the business of Exploration & Production. GAIL has also made inroads into the fast-growing retail City Gas Distribution market in India and internationally.

Gail India Buyback FAQs

What is GAIL India Buyback price?

The GAIL India Buyback price is set at Rs 190 Per Share. The GAIL (India) Buyback opens on (To be announced) and closes on (To be announced).

How do I get the Tender Form for GAIL India Buyback?

The Letter of Offer includes a Tender Form. It is communicated to qualified shareholders through email on their depositories’/Company’s registered email addresses.

If the email address is not registered, the Tender form/Letter of Offer is mailed to eligible shareholders on the record date through registered mail, speed mail, or courier.

The Tender Form and Letter of Offer can also be found on the Company’s, the Registrar to the Buyback’s, the Stock Exchanges’, and the Manager to the Buyback’s websites.

Where can I get the Letter of Offer for GAIL India Buyback?

The Letter of Offer for GAIL India Buyback can be download here.

How to participate in for GAIL India Buyback?

Through their Stock Broker, any eligible Shareholders of the Company owning either Physical Shares or Demat Shares as of the Record Date can participate in the repurchase offer.

The eligible shareholder holding the shares in Demat form has to notify their broker the information of the Equity shares they desire to submit in the Buyback Offer. The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would issue a repurchase order on the stock market.

Original share certificates and accompanying paperwork must be presented to the broker by the qualifying shareholder who owns the shares in physical form. The broker executes an order on the stock market when document verification is completed and sends the original share certificate and TRS to the registrar.

In the case of Demat shares, the tender form and TRS are optional, while in the case of physical shares, they are required.

Is GAIL India Buyback good or bad?

The GAIL India Buyback provides shareholders with the opportunity to sell their stock at a higher price. If you stay invested, you will have a higher percentage of the company’s stock and higher earnings per share. To determine whether to stay invested or participate in the repurchase offer, one must first analyse the company’s fundamentals, as well as one’s needs, ambitions, and risk appetite.

What is the record date for Gail India Buyback date?

The Gail India Buyback has a record date of 22 April 2022.

What is the issue size of Gail India Buyback?

Gail India Buyback is a Rs. 5.70 Crores equity share issue valued at Rs. 190 per share, with a total value of Rs. 1,082.72 Crores.

Why is Gail India Buyback necessary?

The necessity for Gail India Buyback is not yet declared.