Comments
The ₹1,046.35-crore buyback offer from GAIL (India) opens for subscription on February 25 and ends on March 10.
Earlier, the company’s Board had approved the buyback of 6.97 crore shares at ₹150 a share. Shareholders whose name appeared as on January 28 (record date) are eligible to participate in the buyback, which would be through tender route.
The gas distribution firm had announced the buyback programme to return surplus cash to shareholders, the biggest beneficiary being the Centre.
The stock closed at ₹134.35, up 0.98 per cent on the BSE on Wednesday.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.