GAIL (India), the largest gas transmission and marketing company in India, on Monday said the board of directors have approved a second interim dividend of Rs 2.5 per equity share on the post buy-back paid-up equity share capital of the firm.

"The Board of Directors of the Company in its 423rd meeting held today i.e. March 15, 2021 has, inter-alia, approved payment of the 2nd Interim Dividend for the FY 2020-21 @ .25% (Rs. 2.5/- per equity share) on the post Buy-Back paid-up equity share capital of the Company," the company said.

The second interim dividend will be paid with reference to the 'Record Date' i.e. Tuesday, Mar. 23, 2021 fixed for the said purpose.

Shares of the company declined Rs 3.3, or 2.25%, to settle at  Rs 143.55.  The total volume of shares traded  was  851,918 at  the BSE (Monday).