GAIL Buyback 2021 : GAIL India BUY BACK PRICE & RECORD DATE Latest News

GAIL BUYBACK 2021 | LATEST GAIL INDIA SHARE NEWS | GAIL BUY BACK RECORD DATE | GAIL BUYBACK PRICE | GAIL BUYBACK Acceptance Ratio | Latest Buybacks News

In order to shore up the government’s disinvestment proceeds, GAIL (India) Limited is announced a share buyback.

Government owned Gas Authority of India Ltd (GAIL) come up with a buyback offer, Sources said. GAIL will be contributing to the Government’s disinvestment target. GAIL is likely to announce the buyback at a price of Rs 150 per share which is at a premium of 10%.

At the end of FY20, GAIL’s reserves and surplus stood at Rs 37,500 crore. The net cash at the end of the September quarter was Rs 3,000 crore.

GAIL INDIA Share Buyback Offer Details

GAIL Share Buy Back Plan | GAIL India Buyback Shares

Buyback Type: Tender Offer
GAIL INDIA Buyback Record Date: 28.01.2021
GAIL Buyback Offer Amount: ₹ 1046.35 CR
Date of Board Meeting approving the proposal: 15.01.2021
Date of Public Announcement: 2021
GAIL Buyback Offer Size: 2.50%
Buyback Number of Shares: 6,97,56,641
Price Type: Tender Offer
Face Value (FV): 10
GAIL Buyback Price: ₹ 150/ Equity Share
GAIL Buyback Premium: 10%

Can I Invest today to participate in GAIL buyback offer? : Yes

The news comes shortly after NTPC, EIL, KIOCL announced a share buyback. The government is believed to have reached out to Coal India Ltd, NMDC Ltd, MOIL Ltd, and Engineers India Ltd (EIL) for share buybacks this year.

The government is the largest shareholder in all these companies and is looking to sell off its equity for cash in return. The Department of Investment and Public Asset Management (DIPAM) has managed to raise just about 3 percent of its FY21 target of Rs 2.1 lakh crore so far.

Also Check:- Latest Share Buyback 2021

Upcoming Buyback 2021

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GAIL India Buyback Important Dates

In this section we have covered all important dates related to “GAIL Buyback Date”. Dates are updated as they are announced. The most noted dates are GAIL record date and GAIL buyback open and close dates, which one should use to participate in buyback.

GAIL Buyback Offer Dates
Buyback Activity Date
Board Meeting for GAIL India Buyback proposal 15.01.2021
GAIL Buyback Approval date 18.01.2021
Public Announcement of GAIL Buyback 19.01.2021
GAIL Buyback Record Date 28.01.2021
GAIL Buyback opens on/Buyback Opening Date 25.02.2021
GAIL Buyback closes on/Buyback Closing Date 10.03.2021
Cut-off date to receive completed tender forms by Registrar 12.03.2021
Cut-off date for verification by the Registrar 17.03.2021
Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar 18.03.2021
Last date of settlement of bids on the stock exchange 19.03.2021
Last date to return unaccepted shares by Registrar 19.03.2021
Last date of extinguishment of Equity Shares 26.03.2021

GAIL India Share Holding Pattern as of SEP 2020

Stock Holding table gives a clear picture on retail investor holdings of GAIL India shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in GAIL buyback under retail category which is equal to higher profit.

Shareholding Pattern – GAIL India Ltd.
 
Holder’s Name No of Shares % Share Holding
No Of Shares 4510141866 100%
Promoters 2334449987 51.76%
Foreign Institutions 675980232 14.99%
N Banks Mutual Funds 474880287 10.53%
Central Govt. 372612912 8.26%
Others 28439143 0.63%
General Public 169610543 3.76%
Financial Institutions 423984736 9.40%

Source: https://economictimes.indiatimes.com/

GAIL Buyback Record Date

Tentative Record Date To Participate In GAIL India Buyback

 Company has fixed 28th January, 2021(Thursday) as the record date for the purpose of the eligibility of shareholders for Buyback of equity shares well as for payment of Interim Dividend FY 2020-21.

GAIL Buyback Acceptance Ratio

Profit from the buyback on the bases of acceptance Ratio:

Buy 2105 Shares at CMP of Rs.95 (2,00,000/95=2105)

Acceptance Ratio 33% 50% 75% 100%
Amount Invested in Buyback 199975 199975 199975 199975
No. of Shares buyback 695 1053 1579 2105
Buyback Profit 20842 31579 47368 63158
Profit % 10.42 15.79 23.69 31.58
         

How to Apply for GAIL Buyback?

Now if you are wondering ‘how do I apply for a buyback?’ we’ve got you covered. When it comes to share-buyback schemes, the capital market regulator has compulsorily reserved a buyback portion of 15% for retail investors who possess in-hold shares in a company worth upto ₹2 lakhs.

This percentage is also taking into account the scrip’s market value as seen on the record date of the buyback offer. During the application process of share buyback, you will be given a tender form by the company.

This form is where you enter the number of shares of that company that you wish to tender. There is a ratio of acceptance attached to the tender form which signifies how likely the company is to accept your request for share buybacks.

Different companies have different ratios for share buybacks. Here is what you can expect in a typical tender form given by a company. There are normally three fields as follows:

  1. The number of shares you hold from the said company as on the record date
  2. The number of shares that fit the eligibility criteria for buybacks
  3. The number of shares that one is applying for a buyback.

Apply GAIL buyback from Zerodha

Here is complete method from Zerodha You can apply for Buybacks on Console> Portfolio> Corporate action order window

  • Hover your mouse on the stock and select ‘Options’ and click on ‘Place order’
  • Enter the number of shares you want to tender and click on ‘Submit’
  • Buyback/Takeover/Delisting orders are collected until 6:00 PM, one trading day prior to the offer end date. Ensure to hold sufficient quantities in your demat account before closure of the offer end date. (Do not sell the shares after placing the order). Only shareholders who hold the shares as on the record date will be eligible for the corporate action.

Latest & Upcoming Buybacks 2021

About GAIL India Ltd.

– The Company was incorporated on 16th of August.
– The Gas Authority of India Ltd. (GAIL), one of India’s leading Public Sector Enterprises, is the largest gas transmission and marketing company in the Country. The Company, possessing a well developed and efficient infrastructure, was established as a wholly owned Company of

the Government of India in August, 1984 with 100% equity held by the Government of India and, within a short time, it has grown into one of the ‘Navratna’ enterprises and is ranked among the top ten companies in India. The various activities of the Company range from Gas marketing and distribution through trunk and regional systems, to retailing of Natural Gas to Gas processing for production and marketing of LPG, liquid hydrocarbons and Petrochemicals.

The equity pattern in the Company has also changed and the Government today holds about 67% of the equity in the Company.

GAIL has formed Subsidiaries and Joint Venture companies for City Gas Distribution and Petrochemicals. GAIL is one of the pioneers to introduce City Gas Projects in India for gas supplies to households, commercial users and for the transport sector by forming Subsidiaries/ Joint Venture Companies.

GAIL India Financial

Profit & Loss – GAIL (India) Ltd. Rs (in Crores)

  Mar’20 Mar’19 Mar’18 Mar’17 Mar’16
  12Months 12Months 12Months 12Months 12Months
INCOME:
Sales Turnover 71876.35 75126.76 53825.49 48882.99 52388.86
Excise Duty 5.39 .46 163.91 734.14 474.71
NET SALES 71870.96 75126.30 53661.58 48148.85 51914.15
Other Income 1416.8400 1544.8100 987.0000 1176.2700 857.7000
TOTAL INCOME 73287.80 76671.11 54648.58 49325.12 52771.85

Source: https://economictimes.indiatimes.com/

GAIL (India) Ltd. – Registrar to the Buyback

Registrar and Share Transfer Agent

MCS SHARE TRANSFER AGENT LIMITED
Unit: GAIL (India) Limited
F-65, Okhla Industrial Area
Phase – I
New Delhi – 110 020

Ph: 011-41406149/50/51/52
Fax: 011-41709881
Website: www.mcsregistrars.com
Email-id: admin@mcsregistrars.com

GAIL (India) Ltd. – Contact Details

Company Contact Details
GAIL (India) Limited
16, Bhikaiji Cama Place,
R.K. Puram,
New Delhi – 110 066Ph: 011-26172580, 26182955
Fax: 011-26185941For Retail Investors
Shri A.K.Jha, (Company Secretary)
Email-id: ak.jha2@gail.co.inshareholders@gail.co.in

***Related Queries***

GAIL Buyback Important dates – Record Date, Buyback Start and End date. Buyback Details – Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit.

What is the record date for GAIL INDIA buyback?
How can I apply in GAIL INDIA Buyback offer?

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GAIL Buyback 2021 FAQs:

What is is GAIL Buyback Record Date?

GAIL buyback 2021 record date has fixed 28th January, 2021(Thursday) .

When is GAIL Buyback announcement Date?

GAIL buyback 2021 announcement date is 15/01/2021.

What is GAIL Buyback Price?

GAIL is likely to announce the buyback at a price range of Rs 150 per share which is at a premium of 10%.

How to apply for GAIL Buyback 2021?

As per the GAIL record date (28.01.2021) you need to have GAIL India shares in your demat account. You can participate in buyback after having the stock in your account.

How much profit I can make with GAIL buyback offer?

You can earn a premium of 10% from current market price.
Its all depend on acceptance ratio which usually announce with Letter of Offer. The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares

How to Participate in GAIL buyback offer?

Steps to participate in GAIL buyback:
On Record date (28.01.2021) you must have share of GAIL in your demat account. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
Next step is with registrar – depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

How many GAIL share are eligible for buyback?

Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

When I need to tender GAIL share for buyback?

Buyback opening date for GAIL India Ltd.: (February 25, 2021)
Buyback closing date for GAIL India Ltd.: (March 10, 2021)
This is the window when you need to submit your application for proposal for share buyback.

When I will know how much shares accepted in GAIL buyback offer?

As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before (Coming Soon).

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