Outcome of BM - Buyback Approved
Source: RNS
Dear Sir/Madam,
The Board of Directors of GAIL (India) Limited in its meeting held on 31st March, 2022, inter-alia approved the Buyback of not exceeding 5,69,85,463 (Five Crore Sixty Nine Lakh Eighty Five Thousand Four Hundred and Sixty Three) fully paid-up equity shares of face value of Rs. 10 each (representing 1.28% of the total number of fully paid-up equity shares in the paid-up share capital of the Company) at a price of Rs. 190 (Rupees One Hundred and Ninety only) per equity share (the "Buy Back Offer Price") payable in cash for an aggregate consideration not exceeding Rs. 1082,72,37,970 (Rupees One Thousand Eighty Two Crore Seventy Two Lakh Thirty Seven Thousand Nine Hundred and Seventy only) (the "Buyback Offer Size") representing 2.50% and 2.22% of the aggregate of the fully paid-up equity share capital and free reserves as per the audited standalone and consolidated financial statements of the Company, respectively, for the financial year ended March 31, 2021 (the last audited standalone and consolidated financial statements available as on the date of Board meeting recommending the proposal of the Buyback).It is further notified that the Company has fixed Friday, 22nd April, 2022 as the record date for the purpose of ascertaining the eligibility of shareholders for Buyback of equity shares. The documents pertaining to buy-back are also available on GAIL's website at https://gailonline.com/IZInvestorInformation.html under Buy-Back Information section.
The above is for your information and records please.
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