{"id":405980,"date":"2021-03-20T09:40:57","date_gmt":"2021-03-20T04:10:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=405980"},"modified":"2021-03-20T11:32:20","modified_gmt":"2021-03-20T06:02:20","slug":"govt-gets-rs-747-cr-from-gail-share-buyback","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-gets-rs-747-cr-from-gail-share-buyback\/","title":{"rendered":"Govt gets Rs 747 cr from GAIL share buyback"},"content":{"rendered":"<p>NEW DELHI: The government has received Rs 747 crore from share buy back by oil GAIL, DIPAM Secretary Tuhin Kanta Pandey said on Friday.<\/p>\n<p>&#8220;GAIL Buyback of shares fully subscribed. Government received Rs 747 cr out of total buyback size of Rs 1046 cr,&#8221; Pandey tweeted.<\/p>\n<p>Government holding in the company stands at 51.45 per cent.<\/p>\n<p>Under, a company buys its own outstanding shares to reduce the number of shares available in the open market.<\/p>\n<p>Companies buy back shares for a number of reasons such as to increase the value of remaining shares available by reducing the supply or to return surplus cash to shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The government has received Rs 747 crore from share buy back by oil GAIL, DIPAM Secretary Tuhin Kanta Pandey said on Friday. &#8220;GAIL Buyback of shares fully subscribed. Government received Rs 747 cr out of total buyback size of Rs 1046 cr,&#8221; Pandey tweeted. Government holding in the company stands at 51.45 per cent. Under, a company buys its own outstanding shares to reduce the number of shares available in the open market. Companies buy back shares for a number of reasons such as to increase the value of remaining shares available by reducing the supply or to [&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":[130,191,136],"tags":[],"class_list":["post-405980","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405980","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=405980"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405980\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=405980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=405980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=405980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}