Gail Buyback 2022
(i) GAIL (India) Limited is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG re-gasification, petrochemicals, city gas, E&P, etc. It owns and operates a network of around 13,340 km of natural gas pipelines spread across the length and breadth of country. It is also working concurrently on execution of multiple pipeline projects to further enhance the spread.
(ii) GAIL (India) Ltd. is a Central Public Sector Undertaking (PSU) under the Ministry of Petroleum and Natural Gas, with the mission of accelerating and optimizing the effective and economic use of Natural Gas and its fractions for the benefit of the national economy.
(iii) GAIL, having started as a Gas Transmission Company during the late eighties, has grown organically by building a large network of Natural Gas pipelines covering over 11,000 km; two LPG Pipelines covering more than 2,000 km; six Gas Processing plants for production of LPG and other liquid hydrocarbons, with a combined production capacity of around 1.3 MMTPA, and a gas based integrated petrochemical plant of capacity 810,000 TPA.
(iv) The Company also has 70% equity share in Brahmaputra Cracker and Polymer Limited (BCPL) which has set up 280,000 TPA polymer plant in Assam. Further, GAIL is a co-promoter of ONGC Petro-additions Limited (OPaL) which is implementing a green field petrochemical complex of 1.4 MMTPA polymer capacity at Dahej in the State of Gujarat. The company has integrated upstream into the business of Exploration & Production with participating interests in 11 E&P Blocks, including 2 blocks in Myanmar. GAIL has also integrated downstream into the high growth retail City Gas Distribution business both in India and abroad.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Apr 22 2022|
|Buyback Opening Date:||May 25 2022|
|Buyback Closing Date:||Jun 07 2022|
|Buyback Offer Amount:||₹ 1082 Crores|
|Date of Board Meeting approving the proposal:||Mar 31 2022|
|Date of Public Announcement:||Mar 31 2022|
|Buyback Offer Size:||1.28%|
|Buyback Number of Shares:||5,69,85,463|
|Price Type:||Tender offer|
|Buyback Price:||₹ 190 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Profit before tax||4,492||2,949||5,183||6,928||9,831||10,429|
|EPS in Rs||7.01||4.14||7.47||10.64||14.51||20.89|
|Dividend Payout %||24%||37%||56%||43%||25%||31%|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||163157||163157||163157||163157|
|No. of Shares buyback||347||526||789||1052|