Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
08 March, 2021 13:02 IST
GAIL board approves Rs 10,463.5 mn share buyback
Source: IRIS | 15 Jan, 2021, 06.37PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

 GAIL (India), the largest gas transmission and marketing company in India, on January 15 said that its board of directors approved a buyback of equity shares as well as declared an interim dividend for the on-going fiscal.

The state-owned gas distributor will buy back 69.7 million shares, representing 2.5% of the total paid-up equity share capital, of face value of Rs 10 each. That amounts to a total consideration not exceeding Rs 10,463.5 million. The buyback price has been fixed at Rs 150 a equity share.

GAIL also declared an interim dividend of Rs 2.5 a equity share for FY21. The board has fixed Jan. 28, 2021 as the record date for buyback and dividend.  

Shares of the company declined Rs 5.5, or 3.82%, to settle  at  Rs 138.50.  The total volume of shares traded  was  3,157,241 at  the BSE (Friday).



 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Jagran Prakashan plans to buyback shares worth Rs 1,180 mn - 08-Mar-2021 09:27
Kotak Mahindra Bank divests 10% stake in ECA Trading Services to its arm - 08-Mar-2021 09:07
Hero MotoCorp February sales crosses 5 lakh units - 05-Mar-2021 17:57
PVR launches new six-screen property in Mysuru - 05-Mar-2021 16:55
Sangam Renewables commissions 16 MW solar project in Maharashtra - 05-Mar-2021 13:47
Voltas strong performance raises expectations of blockbuster summer sales: Motilal Oswal - 05-Mar-2021 13:27
Unichem Lab gets USFDA nod for Guanfacine Tablets - 05-Mar-2021 13:03
Wipro-Capco acquisition- A Bold Move; REDUCE: IDBI Capital - 05-Mar-2021 11:44
VST Tillers Tractors to invest in Zimeno Inc - 05-Mar-2021 09:36
Welspun India's board approves raising up to USD 100 mn - 05-Mar-2021 09:23
Oswal Yarns board appoints Nipun Vyas as Independent Director - 05-Mar-2021 09:01
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer