GAIL (India) LTD

Gail Board has approved the buyback of  5,69,85,463  fully paid-up equity shares of face value of Rs, 10 each  at a price of Rs. 190  per equity share (the "Buy Back Offer Price") payable in cash for an aggregate consideration not exceeding     Rs. 1082 Crores (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  on a proportionate basis through a Tender Offer route. 

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Issue Details

BSE Bid Details BSE Demand Schedule
scripname GAIL (INDIA) LTD
Security Type Equity
Symbol GAIL
Issue Type Buyback - Tender Offer
Issue Period 25 May 2022 to 07 Jun 2022
Tick Price 1
Market Lot 1
Book Size – No. of Shares 56985463
Minimum Offer Quantity 1
Maximum Offer Quantity 56985463
Face Value 10
Floor Price/Offer Price 190
Cummulative Bid Quantity ( AS ON May 25 2022 2:00PM )    
  Total Cumulative Bidded Qty Subscription % of Total
  Total 425428 0.75%
  Demat Shares 425428 0.75%
  Physical Shares 0 0.00%
LTP 152.05
Name of Acquirer(s)/Company Gail (India) Limited
Buyer Member IDBI Capital Markets and Securities Ltd
Book Running Lead Manager IDBI Capital Markets & Securities Limited
Public Announcements 1) Public Announcement
Exchange Notices 1) Opening of Offer to Buy – Acquisition Window (Buyback) for Gail (India) Limited
  2) Settlement Schedule Offer to Buy – Acquisition Window (Buyback) for GAIL (INDIA) LTD.
  3) Offer to Buy – Acquisition Window (BUYBACK) for GAIL (INDIA) Ltd - Live Activities Schedule

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