Read more about Gas distribution giant GAIL announces Rs 1,046.35 cr share buyback on Business Standard. GAIL looks to return surplus cash to shareholders, the biggest being the government of India
Earlier this week, the government had proposed OFS of 20.6 crore shares of face value of Rs 10 each (base offer size), with an option to additionally sell up to 20.6 crore equity shares.
The government is expected to garner Rs 2,664 crore from offloading 10 per stake sale in India's largest steelmaker SAIL through an offer for sale (OFS) which was subscribed over five times on Friday.
Read more about Energy shares gain on Business Standard. Energy stocks were trading in the positive zone, with the S&P BSE Energy index rising 28.39 points or 0.47% at 6053.89 at 09:48 IST.