Shares of GAIL (India) Ltd, Indian’s leading public sector natural gas processing and distribution company,  rose as much as 5.7%  to hit a fresh One-Year or 52-week high of Rs 143.50 on the National Stock Exchange.

GAIL (India)  on Tuesday said in a stock exchange filing that its Board of Directors is set to meet on 15 January 2021 to consider the buyback of fully paid-up equity shares and to declare an interim dividend for the financial year 2020-21.

"The company's board will meet on January 15 to consider share buyback and also payment of interim dividend for the fiscal year ending March 2021," GAIL said in an exchange filing.

Media reports suggest that the Indian-government, which holds 52.1% of the natural gas processing and Distribution Company, is likely to participate in the buyback like it did in the case of NTPC, Engineers India, RITES and KIOCL.

Gold Prices Down From Record High For Second Time In Three Days

Fixed petrol-diesel prices for fifth consecutive day, know what are the prices in your city

BHEL secures Rs450-Cr order from NALCO