Board of GAIL (India) approves buyback at Rs 150 per share

At meeting held on 15 January 2021

The Board of GAIL (India) at its meeting held on 15 January 2021 has approved buyback of 6,97,56,641 equity shares of the company at a price of Rs 150 per share for an aggregate consideration of Rs 1046.35 crore representing 2.50% and 2.26% 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 31 March 2020.

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