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| Title | Detail |
|---|---|
| Company Name: | GAIL Limited |
| Buyback Type: | Tender Offer |
| Total Share Capital: | - |
| Offer Amount: | Rs 1082.72 Cr |
| Offer Size: | 1.28% |
| Buyback Number of Shares: | 5.69 Cr |
| Buyback Price: | 190 |
| Approx Entry Price: | 155 |
| Promoters In: | Y |
| Buyback Approval Date: | 31-03-2022 |
| Record Date: | 22-04-2022 |
| Open Date: | 25-05-2022 |
| Close Date: | 07-06-2022 |
| Payment Date: | 16-07-2022 |
| Record Date Price: | 164.20 |
| Maximum Retail Quantity: | 1218 |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | Letter of Offer |
| Acceptance Ratio Retail: | 2 Equity Share out of every 25 fully paid-up Equity Share held on the Record Date. |
| Acceptance Ratio Retail %: | 8.03% |
| Acceptance Ratio General: | 2 Equity Share out of every 179 fully paid-up Equity Share held on the Record Date. |
| Acceptance Ratio General %: | 1.12% |
| Final Acceptance Ratio %: | 24.42% |
The Record Date for GAIL Limited Buyback offer is 22nd Apr 2022
Which means you should hold the GAIL Limited share in your demat account by closing session of 22nd Apr 2022. Share purchased on and before (22nd Apr 2022) - 2 business days will be available in your demat account by 22nd Apr 2022.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have GAIL Limited shares at ₹155 and buyback offer price is ₹190, you can get ₹35 per accepted share. If you hold 1290 shares of GAIL Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 426 to 645 shares with the gain from buyback of ₹14910 to ₹22575.
The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
| % Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
|---|---|---|
| 33% | 426 | ₹14910 |
| 50% | 645 | ₹22575 |
| 75% | 968 | ₹33880 |
| 100% | 1290 | ₹45150 |
Steps to participate in GAIL Limited buyback:
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
Buyback opening date for GAIL Limited: 25th May 2022
Buyback closing date for GAIL Limited: 7th Jun 2022
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 16th Jul 2022.
Buyback opening date for GAIL Limited: 25th May 2022
Buyback closing date for GAIL Limited: 7th Jun 2022
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
