GAIL share buyback offer to open on February 25: All you need to know

State-owned gas utility GAIL (India) Ltd will open its buyback offer on Thursday, February 25. The offer will include 6.97 crore fully paid-up equity shares of face value ₹10 each. This offer represents 1.55 per cent of the total number of equity shares in issued, subscribed and paid-up equity share capital of the company. GAIL owns and operates a network of around 12,500km of high-pressure trunk pipelines and is a leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production, LNG re-gasification, petrochemicals, and city gas.

Here’s everything you need to know about the GAIL share buyback offer:

1. According to a statement issued by GAIL, it will buy back shares from all existing shareholders and beneficial owners as on the record date, which is January 28, and this will be done on a proportionate basis.