► Upstox (₹20/trade)

Gail Buyback 2022 Date, Record Date, Price & Acceptance Ratio

Table of Contents

Gail buyback 2022 was announced on 31 March 2022. The Gail buyback record date is 22 April 2022. The investor should buy the Gail shares on or before the record date to get the eligibility for the buyback. GAIL buyback 2020-21, The government had received ₹747 crores from that share buyback. Check out Gail Buyback 2022 details below given:

Gail Buyback Ratio:

  • Reserved Category for Small Shareholders: 2 Equity Shares for every 25 Equity Shares
  • General Category for all other Eligible Shareholders: 2 Equity Shares for every 179 Equity Shares 
GAIL

    Gail Buyback 2022 Dates

     Gail Buyback Meeting Date:
     31 March 2022
     Gail Buyback Announcement Date: 31 March 2022
     Gail Buyback Record Date: 22 April 2022
     Gail Buyback Open Date: 25 May 2022
     Gail Buyback Close Date:
     07 June 2022
     Finalization of Buyback Acceptance:
     22 April 2022

    Gail Buyback 2022 Offer Details

    Gail buyback of 5,69,85,463 equity shares that are around 2.50% of all the existing number of equity shares at a price of ₹190 per equity share. The buyback offers not to exceed ₹1082.72 crores of the total buyback offer size. Gail Buyback Acceptance Ratio will be around (To be updated soon).
     Offer Amount: ₹1082.72 Crores
     Number of Shares:
     5,69,85,463 Shares
     Face Value:
     ₹10 per equity share
     Gail Buyback Price: ₹190 per equity share
     Listing: BSE & NSE
     Gail Buyback Type: Tender Offer

    About Company – GAIL Limited

    GAIL (India) Limited is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG re-gasification, petrochemicals, city gas, E&P, etc. It owns and operates a network of around 13,340 km of natural gas pipelines spread across the length and breadth of the country. It is also working concurrently on the execution of multiple pipeline projects to further enhance the spread. GAIL commands ~70% market share in gas transmission and has a Gas trading share of over ~ 50% in India. GAIL and its Subsidiaries / JVs also have a formidable market share in City Gas Distribution. In the Liquefied Natural Gas (LNG) market, GAIL has a significantly large portfolio. GAIL is also expanding its presence in renewable energy like Solar, Wind, and Biofuel.

    Gail Buyback 2022 Acceptance Ratio (Estimated)

    The investor should buy around 1052 shares at a current market price of ₹155 (As of 31 March 2022). The calculation will be Rs.2,00,000 / 190 buyback price = 1052 shares.
    Acceptance RatioInvestmentShares BuybackProfit
    33%₹163,15734712,145
    50%₹163,15752618,410
    75%₹163,15778927,615
    100%₹163,157105236,820

    Gail Financial Report

      ₹ in Crores
    RevenueExpensePAT
    2019₹76,671₹66,0366,025
    2020₹73,293₹63,5136,620
    2021₹58,742₹50,4484,890

    Gail Buyback 2022 Eligibility & How to Apply

    The investors are eligible for the buyback scheme who have Gail shares in their Demat account as the record date is 22 April 2022. Investors can participate in the Gail Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Gail buyback scheme. The investors can participate in buyback via physical form or via your broker or Demat account by placing an order. 

    Gail Buyback 2022 Registrar

    MCS Share Transfer Agent Limited
    F-65 1st Floor,
    Okhla Industrial Area,
    New Delhi – 110020
    Phone: (+91 11) 4140 6149
    Website: http://www.mcsregistrars.com/

     

    Gail Buyback 2022 Lead Managers

    • IDBI Capital Market Services Limited

    Gail Company Address

    GAIL(INDIA) Limited
    GAIL Bhawan, 16 Bhikaji Cama Place,
    R K Puram, New Delhi – 110066
    EPABX: 011-26172580, 26182956

    Gail Buyback 2022 FAQs

    When is Gail Buyback 2022 Open Date?

    Gail buyback 2022 open date is 25 May 2022.

    When is Gail Buyback 2022 Record Date?

    Gail buyback 2022 record date is 22 April 2022.

    When is Gail Buyback 2022 Announcement Date?

    Gail buyback 2022 announcement date is 31 March 2022.

    What is Gail Buyback 2022 Price?

    The company has fixed the price at ₹190 per share.

    How to apply for Gail Buyback 2022?

    As per the record date you need to have Gail shares in your Demat account. You can participate in buyback after having the stock in your account.

    Note: If anything you want to know about the buyback offer you can refer to the Gail buyback offer documents.

    Follow IPO Watch for the latest IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.

    Share the Post:
    Facebook
    Twitter
    LinkedIn

    Leave a Reply

    Your email address will not be published. Required fields are marked *