GAIL approves plan to buyback 6.97 cr equity shares ANI | Updated: Jan 15, 2021 14:50 IST
New Delhi [India], January 15 (ANI): Government-owned gas distribution company GAIL Ltd on Friday announced a buyback plan of 6.97 crore equity shares with a face value of Rs 10 each representing 1.55 per cent of the total number of fully paid-up equity shares.
The company s board of directors fixed at a price of Rs 150 per share for an aggregate consideration of Rs 1,046.35 crore. GAIL s board also approved an interim dividend for FY2020-21 at Rs 2.50 per unit on the paid-up equity share capital.
The record date for dividend as well as for the purpose of share buyback has been fixed at January 28, the company said in a statement.