ONGC Share Buyback Offer - Check Full Details

ONGC (Oil and Natural Gas Corporation) company has announced buyback of Equity shares. ONGC will take back 25,29,55,97 shares. The price of buyback is decided Rs.159/- and would total Rs.4022/- crore spend. This buyback is 2.34% of total Paid-up and issued equity shares of ONGC.

Record date of Buyback of ONGC is Friday 4th January 2019. So, if in this date you will have shares of ONGC on your demat account, then you will be eligible for the participation in the buyback. 

Currently ONGC share is trading on NSE and BSE at the rate Rs148/- . And offer price of buyback is Rs.159/-, if you will buy this share today then you will get Rs.11/- (159 -148). In terms of Percentage 7.5% gain will get from the current price. 

ONGC Buyback Full Details and Important Dates - 

Buyback - ONGC Equity Share. 

Offer Price - Rs.159/- 

Record Date - 4th January 2019.

Ex Date - 3rd January 2019.

No. of Equity Share Offer for Buyback - 25,29,55,97 Shares (2.34%)

Type of Buyback - Through Tender Offer.

Announcement Date - 20th December 2018.

Buyback Open and Close Date - Coming Soon

Reserve no. of Buyback of Share for Small Investors (Share holding value is less than Rs.2 Lakh) -  37,94,339 Shares ( 0.351% of Total Share)