Reliance Energy buys back 951,500 shares till Monday
Facebook Twitter google+ RSS Feed

Reliance Energy buys back 951,500 shares till Monday

Monday, 31 March 2008, 07:00 Hrs
Printer Print Email Email
Mumbai: The Anil Ambani-promoted Reliance Energy Ltd has bought back 951,500 equity shares of the company since the start of the offer March 25, aggregating 1.22 billion ($30.4 million).

The company announced that it bought back 121,500 equity shares Monday alone.

The board of directors of Reliance Energy had approved buy-back of equity shares of the Company up to an aggregate amount of 8 billion, amounting to 10 percent of its equity and free reserves.

The remaining 12 billion was intended for sale in the second phase, subject to necessary approvals by the shareholders. JM Financial Consultants is the manager to the buyback offer.
Source: IANS
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Sr. Executive
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
Reena Khanna
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset