GAIL Buyback Details (गेल इंडिया शेयर प्राइस)
What is GAIL Buyback offer? In this article we shared guide about GAIL buyback record date, गेल इंडिया शेयर प्राइस, offer price, Acceptance ration and all. GAIL Limited is India’s largest gas distribution firm formerly known as Gas Authority Of India Limited. Know about recent IRFC ipo allotment status online.
GAIL India was established by the Government of India in 1984 as a PSU (Public Sector Undertaking) under the administrative control of the Ministry of Petroleum and Natural Gas. Its headquarters is in Delhi. Also you can check SAIL OFS allotment results.
GAIL Buyback Offer
GAIL, one of the important public sector enterprises has been conferred with a Maharatna status by the Government of India on 1 Feb, 2013. It stands at 131 among the 150 most trusted brands in India according to a study. The company has been diversified into fields of polymer production, exploration of natural gas, telecom services, solar project, city gas distribution, etc, and many more projects.
GAIL’s reserves and surplus as of Financial Year 2019-20 was Rs.37,500 crores. The net cash at the end of the September quarter was Rs.3, 000.
What is Buyback?
A Buyback is also known as a share repurchase refers to the corporate action where a company repurchases its shares of stock from the existing shareholders.
Companies buy back shares for several reasons, such as to increase the value of remaining shares available by reducing the number of shares available in the market.
GAIL Buyback Offer
The Government-owned GAIL Ltd at its meeting held on 15th January 2024 has come up with a buyback offer. In the meeting, The company has approved a proposal for the buyback of Rs.6.97 crore equity share of face value 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 per equity share for an aggregate consideration not exceeding Rs.1,046.35 crore.
GAIL Buyback Record Date
As we know many people looking for record date for GAIL buyback offer. So here we shared GAIL buyback record date as mentioned:
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GAIL Buyback Record Date: 28/01/2021
Overview of GAIL Buyback
| GAIL Buyback | Details |
| GAIL Buyback Price | 150 Rs |
| Board Meeting | 15/1/2021 |
| Buyback Size or Shares | 69,75,6641 |
| GAIL Buyback Record Date | 28/1/2021 |
| Buyback Type | Tender |
| FV of Share | 10 |
| Date | GAIL Opening Price | GAIL Closing Price |
| 25/1/2021 | 135 | 133 |
| 22/1/2021 | 134 | 134 |
| 21/1/2021 | 140 | 134 |
| 20/1/2021 | 140 | 138 |
| 19/1/2021 | 140 | 140 |
| 18/1/2021 | 141 | 138 |
| 15/1/2021 | 144 | 139 |
| 14/1/2021 | 141 | 144 |
| 13/1/2021 | 144 | 141 |
| 12/1/2021 | 141 | 141 |
| 11/1/2021 | 134 | 136 |
Know GAIL Buyback Registrar
As we know when such IPO or Buyback comes there are some registrar, who manage all the things. So for Gail buyback MCS SHARE Limited is the registrar. Details of MCS as mentioned below:
- MCS Share Transfer Agent Limited
GAIL India Limited
F 6, Okhla Industrial Area,
New Delhi – 110 020
PH: 011- 41406149/50/51/52
Website: http://www.mcsregistrars.com/
In the meeting, the GAIL Board has also announced an interim dividend for the Financial Year 2020-2024 at Rs.2.5 per equity share.
January 28, 2024, has been fixed as the record date of dividends as well as for the buyback program.
Check:Majesco Ltd Interim Dividend 2020
According to the company’s latest shareholding, the government held a 51.76% stake in GAIL and can offer a proportionate number of shares to the company under the buyback program.
गेल कंपनी के बारे में
गेल (इंडिया) लिमिटेड इंडियाज फ्लैगशिप नेचुरल गैस कंपनी है, जो प्राकृतिक गैस मूल्य श्रृंखला (अन्वेषण और उत्पादन, प्रसंस्करण, पारेषण, वितरण और विपणन सहित) और इससे संबंधित सेवाओं के सभी पहलुओं को एकीकृत करती है । कंपनी वैश्विक पैरों के निशान के साथ प्राकृतिक गैस मूल्य श्रृंखला के साथ एक एकीकृत ऊर्जा कंपनी है ।
प्राकृतिक गैस, एलपीजी, लिक्विड हाइड्रोकार्बन और पेट्रोकेमिकल्स के कारोबार में उनकी रुचि है। उन्होंने अन्वेषण और उत्पादन, सिटी गैस वितरण में भी विविधता की है और अपनी विदेशी उपस्थिति को तेजी से विकसित कर रहे हैं । गेल (इंडिया) लिमिटेड को 16 अगस्त, 1984 को गैस अथॉरिटी ऑफ इंडिया लिमिटेड नाम से पब्लिक लिमिटेड कंपनी के रूप में शामिल किया गया था। निगमन के समय, सभी शेयर भारत सरकार द्वारा रखे गए थे। शुरुआत में कंपनी ने गैस ट्रांसमिशन कंपनी के तौर पर शुरुआत की थी।
Peer Comparison of GAIL
- Adani Gas
- Gujarat State Petronet LTD (GSPL)
- Petronet LNG
- Indraprashta Gas LTD (IGL)
Frequently Asked Questions
- What is the GAIL buyback record date?
Ans: GAIL buyback record date is 28th January, 2024.
- Can I know GAIL buyback announcement Date?
Ans: Yes, GAIL buyback announcement is 15th January, 2024
- How to Apply for GAIL buyback 2024?
Ans: As we know GAIL buyback record date is 28th January, 2024. So on that day you have shares in your demat account after that you can apply for GAIL buyback 2024.
Conclusion
Hope you know all the details of GAIL buyback offer, Record date, share price, Acceptance ratio and all. The Government-owned Gas Authority Of India Limited is India’s largest gas distributor to accelerate and optimize the effective and economic use of Natural Gas which helps to boost the economy of the country. For more news about IPO, buyback or OFS you can visit upnews360 portal for regular updates!
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