GAIL to consider share buyback on Mar 31

by 5paisa Research Team Last Updated: Oct 10, 2023 - 11:27 am 32.8k Views
Listen icon

The board of state gas utility GAIL India Ltd will on March 31 consider the buyback of shares - the second buyback in as many years.

In a stock exchange filing, the nation's top gas transporter and distributor said its board of directors, at the meeting on March 31, will also consider and approve the financial results for the quarter and the entire fiscal.

A Meeting of the board of directors of the company will be held on Thursday, 31st March 2022, to inter-alia consider the buyback of the fully paid-up equity shares of the company.

Buying back shares is considered a tax-efficient way of rewarding shareholders. The government owns a 51.80 percent stake in the company and is likely to participate in the buyback.

GAIL had done a share buyback in 2020-21. The government had received Rs 747 crore from that share buyback.

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.

Buybacks are attractive in tax terms even after considering the 10 percent tax on long-term capital gains (LTCG). 

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Marinetrans India IPO lists 15.38% higher and hits upper circuit

Premium listing for Marinetrans India IPO, then upper circuit

Net Avenue Technologies IPO lists 133.33% up but later hits -5% circuit

Strong listing for Net Avenue Technologies IPO, then lower circuit

What you must know about India Shelter Finance IPO?

India Shelter Finance Corporation Ltd was incorporated in 1998 and offers small and mid-ticket home loans. These loans are typically in the size of ₹5 lakhs to ₹50 lakhs. It provides home loans for construction, purchase, extension and also for renovation.