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

Posted by Yogesh on Monday, 10 November, 2008

MUMBAI: 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 March 25, Reliance Infrastructure has so far bought back 72,60,000 equity shares aggregating Rs 711 crore.

Shareholders of Reliance Infrastructure have approved buy back of equity shares of the company up to an aggregate amount of Rs 2,000-crore, the release said.Source The Economic Times

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