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Gail India Limited is one of the top public sector natural gas processing and distribution company. It has multiple business segments such as natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemical, city gas distribution, exploration and production, GAILTEL, and electricity generation. The company has global offices in Singapore, the USA, Egypt, Myanmar and China.
GAIL India Limited is coming up with a buyback of shares worth Rs 1046.35 Cr by re-purchasing 6,97,56,641 fully paid-up shares which represent 2.50% of total capital. GAIL buyback price is Rs 150 which is 6.66% higher than the closing share price of the date of announcement of the buyback.
Below is the complete details about Gail (India) Limited Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 1046.35 Cr |
| Buyback Number of Shares: | 6.98 Cr |
| Buyback Price: | Rs 150 |
| Buyback Offer Size (In %): | 2.50% |
| Total Share Capital: | Rs 63,773 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Gail (India) Limited buyback offer? No
In this section we have covered all important dates related to Gail (India) Limited Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 15th Jan 2021 |
| Buyback Approval date | 15th Jan 2021 |
| Public Announcement of Buyback | 19th Jan 2021 |
| Record Date | 28th Jan 2021 |
| Buyback opens on/Buyback Opening Date | 25th Feb 2021 |
| Buyback closes on/Buyback Closing Date | 10th Mar 2021 |
| Cut-off date to receive completed tender forms by Registrar | 12th Mar 2021 |
| Cut-off date for verification by the Registrar | 17th Mar 2021 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
18th Mar 2021 |
| Last date of settlement of bids on the stock exchange | 19th Mar 2021 |
| Last date to return unaccepted shares by Registrar | 19th Mar 2021 |
| Last date of extinguishment of Equity Shares | 26th Mar 2021 |
Stock Holding table gives a clear picture on retail investor holdings of Gail (India) Limited shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 15.1% |
| Promoter-Indian | 52.1% |
| Non-Promoter-Institutions | 43.5% |
| Non-Promoter-Non-Institutions | 10.6% |
Gail (India) Limited Public Announcement >>Document
Gail (India) Limited Draft Letter of Offer >>Document
Gail (India) Limited Letter of Offer >>Document
Gail (India) Limited Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 71 Equity Share out of every 733 fully paid-up Equity Share held on the Record Date. | 9.68% |
| General Category | 4 Equity Share out of every 297 fully paid-up Equity Share held on the Record Date. | 1.34% |
For Gail (India) Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 167.67, No. of Equity Shares reserved in Buyback was 5,92,93,144 where valid bid received for retail category was 9,94,14,998 which is 167.67 oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 39.36, No. of Equity Shares reserved in Buyback was 1,04,63,497 where valid bid received for retail category was 41,18,418 which is 39.36. Final Acceptance Ratio for Retail Investors was 100%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 882.30 (-1.26%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 168.70 (-3.05%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 286.00 (-1.07%) | 25-08-2023 | TBD | TBD | Ajanta Pharma Limited | Tender Offer | ₹285.00Cr | 2770 | 2398.60 (-0.68%) | 30-05-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Gail (India) Limited Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Gail (India) Limited? How can I apply in Gail (India) Limited Buyback offer?Last Updated on 2021-04-26T00:58:16+00:00
