Gail India Buyback vs SMC Global Securities Buyback

The Buyback is aimed to :
i) Optimize the capital structure of the company.
ii) Improve Return on Equity
iii) Increase in shareholder's value in the long-term.

The buyback aims to utilize the net proceeds towards the following objectives:

• To improve the return on equity through the distribution of cash.
• To improve earnings per share by reducing the equity base, thereby leading to a long-term increase in the value of shareholders.
• The Buyback offer is a strategic decision of the company taken based on the assimilation of the operational cash needs in the medium term and for returning surplus funds to the members effectively and efficiently.