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GAIL To Consider Share Buyback On March 31st


GAIL India Limited will on March 31 consider the repurchase of stock options

New Delhi:

National gas utility board GAIL India Limited will on March 31 consider a share buyback, the second buyback in several years.

In a stock exchange filing, the country’s leading gas carriers and distributors said its board of directors, at a meeting on March 31, would also consider and approve the financial results for the quarter and the overall fiscal.

“The company’s board of directors meeting will be held on Thursday, March 31, 2022, among others to consider the repurchase of the company’s fully paid -up equity shares,” he said.

Stock repurchases are considered a tax -efficient way to reward shareholders. The government owns a 51.80 per cent stake in the company and is likely to participate in the buyback.

GAIL has made a share buyback in 2020-21. The government has received Rs 747 crore from the buyback of the shares.

Share repurchase, or share repurchase is the process by which a company repurchases its own shares from investors or stakeholders. It can be seen as a tax -efficient alternative way to return money to shareholders.

Repurchases are attractive in tax terms even after considering a 10 percent tax on long -term capital gains.

Agrasmartcity

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