GAIL India board to consider buyback on March 31; Stock surges over 3%

28 Mar 2022 , 09:16 AM

GAIL (India) Ltd has informed to the exchanges that a Meeting of Board of Directors will be held on Thursday, March 31, 2022, to consider Buy Back of the fully paid-up equity shares of the Company.

On Monday opening bells, GAIL (India) was trading at Rs152.45 per piece higher by 3.25% on Sensex.

Previously, the scrip ended at Rs147.65 per share on the BSE.

Meanwhile GAIL stocks in focus today as according to the reports, the company continues to pay for Russian LNG imports in US dollar. It has a deal to receive 2.5 million tonnes of liquefied natural gas (LNG) annually on a delivered basis from Russia’s Gazprom.