Updated Feb 18, 2021 | 14:32 IST The share buyback will close on March 10. The funds for the buyback will be met out of internally-generated cash resources, GAIL added. GAIL share buyback offer to open on February 25 New Delhi: GAIL India will open its buyback on February 25 for up to 6.97 crore fully paid-up equity shares of face value Rs 10 each. "This represents 1.55 per cent of the total number of equity shares in issued, subscribed and paid-up equity share capital of the company," the company said. In a release, the company stated that the company will buy back shares from all existing shareholders and beneficial owners as on record date -- which is January 28 -- on a proportionate basis. GAIL said this will be done through the tender offer process at a price of ₹150 per equity share for an aggregate consideration not exceeding Rs 1,046.35 crore.