{"id":395687,"date":"2021-01-16T08:38:00","date_gmt":"2021-01-16T03:08:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=395687"},"modified":"2021-01-16T09:22:34","modified_gmt":"2021-01-16T03:52:34","slug":"gas-distribution-giant-gail-announces-rs-1046-35-cr-share-buyback","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gas-distribution-giant-gail-announces-rs-1046-35-cr-share-buyback\/","title":{"rendered":"Gas distribution giant GAIL announces Rs 1,046.35 cr share buyback"},"content":{"rendered":"<p>GAIL (India) Ltd, the nation&#8217;s largest gas distribution firm, on Friday announced a Rs 1,046.35 crore share buyback programme as it looked to return surplus cash to shareholders, the biggest being the government of India. <\/p>\n<p>In a stock exchange filing, the company said its board has approved the buyback of 6.97 crore shares at a price of Rs 150 per share. <\/p>\n<p>The shares being bought represent 1.55 per cent of the total number of fully paid-up equity shares. <\/p>\n<p>The company board also declared an interim dividend of 25 per cent (Rs 2.50 per share) for financial year 2020-21. <\/p>\n<p>GAIL stock was down 2.2 per cent on the BSE and was trading at Rs 140.75 at 14.15 Hrs. <\/p>\n<p>The government owns 51.76 per cent of GAIL and is expected to participate in the share buyback.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GAIL (India) Ltd, the nation&#8217;s largest gas distribution firm, on Friday announced a Rs 1,046.35 crore share buyback programme as it looked to return surplus cash to shareholders, the biggest being the government of India. In a stock exchange filing, the company said its board has approved the buyback of 6.97 crore shares at a price of Rs 150 per share. The shares being bought represent 1.55 per cent of the total number of fully paid-up equity shares. The company board also declared an interim dividend of 25 per cent (Rs 2.50 per share) for financial year 2020-21. GAIL stock [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-395687","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=395687"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395687\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=395687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=395687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=395687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}