Last updated on May 28, 2022
GAIL Buyback 2022 description – GAIL (India) Limited is a natural gas company that is engaged in the business of production, transmission, trading and exploration of natural gas, petrochemicals, LPG, LNG re-gasification, Liquid Hydrocarbons, etc. The company owns and operates a network of around 13,340 km of natural gas pipelines spread across the country. GAIL (India) Limited was incorporated in 1984.
It owns over 11,500 km of natural gas pipelines, over 2,300 km of LPG pipelines, six LPG gas-processing units and a petrochemicals facility. It also has a joint-venture interest in Petronet LNG Ltd, Ratnagiri Gas and Power Pvt Ltd, and in the CGD business in several cities. GAIL has wholly owned subsidiaries in Singapore and the US for expanding its presence outside India in the segments of LNG, petrochemical trading and shale gas assets.
GAIL Share Buyback 2022 Details
|Buyback Dates||25 May – 7 June 2022|
|GAIL Buyback Price||INR 190 per share|
|Buyback Offer Size (Shares)||5,69,85,463 shares|
|Buyback offer as % of total shares||1.28%|
|Buyback Offer Size (Amount)||INR 1082.72 crore|
|Face Value||INR 10 per share|
|Listing At||BSE, NSE|
GAIL Buyback Dates (Timeline)
|Board Meeting for Buyback Proposal||31 March 2022|
|Buyback Approval Date||31 March 2022|
|Public Announcement of Buyback||4 April 2022|
|GAIL Buyback Record Date||22 April 2022|
|Buyback Opening Date||25 May 2022|
|Buyback Closing Date||7 June 2022|
|Cut-off Date to receive completed tender forms by Registrar||9 June 2022|
|Verification Date by the Registrar||14 June 2022|
|Return of unaccepted shares by Registrar||15 June 2022|
|Extinguishment of accepted shares||23 June 2022|
GAIL Share Buyback 2022 Documents
GAIL Share Buyback Entitlement Ratio
|Shareholder Category||Entitlement Ratio||Entitlement Ratio (in %)|
|Small Shareholders |
(less than INR2 Lakh on record date)
|General category |
(for all other Eligible Shareholders)
Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.
GAIL India’s Financial Performance
Working Calculation of Amount Invested in Buyback
|Maximum market value of a share holder as on record date||INR2,00,000|
|Buyback price||INR 190|
|Maximum shares for small shareholder (2,00,000/190)||1,052 shares|
|Closing price of share as on 31 March 2022||INR 155.70|
|Maximum amount invested in buyback (155.70 x 1,052 shares)||INR 1,63,796|
Profit from GAIL Buyback by Acceptance Ratio
|Acceptance ratio||Amount invested in buyback||No. of shares bought back||Buyback Profit||Profit in %|
Registrar of GAIL Stock Buyback 2022
MCS Share Transfer Agent Limited
F-65, Okhla Industrial Area Phase 1,
New Delhi 110020
Phone: +91 1141406149, 011 41406148,
Fax: +91 1141709881, 011 41709881
Email: [email protected]
Manager of GAIL Share Buyback 2022
IDBI Capital Markets & Securities Limited
6th Floor, IDBI Tower,
WTC Complex, Cuffe Parade,
Phone: +91 2222171953
Email: [email protected]
Necessity of the Buyback
- The buy-back gives an option to the equity shareholders to either participate in the buy-back and receive cash in lieu of Equity Shares accepted under the buy-back.
- The buy-back helps to return surplus cash to its shareholders, in proportion to their shareholding, thereby, enhancing the overall returns to shareholders.
- The buy-back would help in improving Earning per share (EPS), Return on asset (ROA) and Return on equity (ROE) ratios of the Company.
- The buy-back, which is being implemented through the Tender Offer route as prescribed under the Buyback Regulations, would involve a reservation for small shareholders as defined in the Buy-back Regulations.
Process to Participate in GAIL Share Buyback
All eligible Shareholders of the Company who own Physical Shares or Demat Shares on the Record Date may participate in the buyback offer through their Stock Broker. The eligible shareholder who holds the shares in Demat form must notify their broker of the details of the Equity shares that they wish to tender in the Buyback Offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholder who owns the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
When does GAIL share buyback offer open?
GAIL share buyback opens on 25 May 2022 and closes on 7 June 2022.
Which type of buyback is GAIL buyback offer?
GAIL Buyback is a tender offer.
What is the GAIL stock buyback price?
GAIL stock buyback price is INR190 per share.
What is the GAIL stock buyback record date?
The record date is 22 April 2022.