GAIL announces ₹1,046-cr share buyback, announces interim dividend
Public sector utility GAIL today 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 ₹150 for an aggregate consideration of ₹1,046.35 crore.
GAIL board also approved payment of interim dividend for the FY 2020-21 at ₹2.50 per equity share on the paid-up equity share capital of the company.
The record date for dividend as well as for the purpose of share buyback has been fixed at 28 January, 2021.
On Friday, GAIL’s scrip on NSE closed 3.3% lower at ₹139.20.
