{"id":401055,"date":"2021-02-18T16:44:20","date_gmt":"2021-02-18T11:14:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=401055"},"modified":"2021-02-18T16:44:20","modified_gmt":"2021-02-18T11:14:20","slug":"gail-buyback-offer-to-open-for-69756641-fully-paid-up-equity-on-feb-25","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gail-buyback-offer-to-open-for-69756641-fully-paid-up-equity-on-feb-25\/","title":{"rendered":"GAIL buyback offer to open for 6,97,56,641 fully paid-up equity on Feb 25"},"content":{"rendered":"<p>Energy major GAIL India will open its buyback on February 25 for up to 6.97 crore fully paid-up equity shares of face value Rs 10 each.<\/p>\n<p>This represents 1.55 per cent of the total number of equity shares in issued, subscribed and paid-up equity share capital of the company.<\/p>\n<p>The company will buy back shares from all existing shareholders and beneficial owners as on record date &#8212; which is January 28 &#8212; on a proportionate basis.<\/p>\n<p>GAIL said this will be done through the tender offer process at a price of Rs 150 per equity share for an aggregate consideration not exceeding Rs 1,046.35 crore.<\/p>\n<p>The share buyback will close on March 10. The funds for the buyback will be met out of internally-generated cash resources, GAIL added.<\/p>\n<p>GAIL is India&#8217;s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production and transmission, LNG re-gasification, petrochemicals, and city gas.<\/p>\n<p>It owns and operates a network of around 12,500 km of high-pressure trunk pipelines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Energy major GAIL India will open its buyback on February 25 for up to 6.97 crore fully paid-up equity shares of face value Rs 10 each. This represents 1.55 per cent of the total number of equity shares in issued, subscribed and paid-up equity share capital of the company. The company will buy back shares from all existing shareholders and beneficial owners as on record date &#8212; which is January 28 &#8212; on a proportionate basis. GAIL said this will be done through the tender offer process at a price of Rs 150 per equity share for an aggregate consideration [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-401055","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401055","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=401055"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401055\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=401055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=401055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=401055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}