Monday 10 November 2008

Reliance Infra buys back 16 lakh shares in less than 2 weeks

Reliance Infrastructure Ltd has bought back 16,00,000 equity shares of the company in less than two weeks, a statement said here.
The company, a part of the Anil Dhirubhai Ambani Group (ADAG), was earlier known as Reliance Energy Ltd.

Since the commencement of the buy back on 25 March, Reliance Infrastructure has so far bought back 72,60,000 equity shares aggregating Rs711 crore.
Shareholders of Reliance Infrastructure have approved buy back of equity shares of the company up to an aggregate amount of Rs2,000 crore, the release said.

Source: Livemint

Posted by Harsh at 08:37

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