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GAIL (India) gets nod to buyback about 5.7 crore shares for Rs 1,083 crore

31 Mar 2022 Evaluate

GAIL (India) has received approval from board of directors to buyback about 5.7 crore shares for Rs 1,083 crore as it looks to use its healthy balance sheet to reward shareholders for the second time in as many years. The company had in 2020-21 spent Rs 1,046.35 crore on a similar share buyback. Buying back shares is considered a tax-efficient way of rewarding shareholders. The government owns a 51.80 per cent stake in the company and is likely to participate in the buyback. In the 2020-21 buyback, the government had received Rs 747 crore.

The share buyback, or share repurchase, is when a company buys back its own shares from investors or stakeholders. It can be seen as an alternative, tax-efficient way to return money to shareholders. The board of directors at its meeting held on March 31, 2022 has approved the same.

GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.

GAIL India Share Price

163.50 -3.00 (-1.80%)
11-May-2026 14:15 View Price Chart
Peers
Company Name CMP
GAIL India 163.50
Gujarat Gas 383.85
Indraprastha Gas 161.75
Mahanagar Gas 1111.50
Adani Total Gas 625.20
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