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.
| 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 |
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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:
- The number of shares you hold from the said company as on the record date
- The number of shares that fit the eligibility criteria for buybacks
- 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.
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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 Ph: 011-41406149/50/51/52 |
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.in, shareholders@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:
GAIL buyback 2021 record date has fixed 28th January, 2021(Thursday) .
GAIL buyback 2021 announcement date is 15/01/2021.
GAIL is likely to announce the buyback at a price range of Rs 150 per share which is at a premium of 10%.
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.
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
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.
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.
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.
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).