Wednesday, January 28, 2009

Reliance Infra - Updates on Buy-back of Shares

Reliance Infrastructure Ltd has informed that the Board of Directors of the Company had at its meeting held on March 05, 2008 approved buy-back of equity shares of the Company up to an amount not exceeding 10% of the paid-up capital and free reserves of the Company, i.e. up to Rs 800.06 crore.

Pursuant to the above approval, the Company has bought-back 87,60,000 equity shares for Rs 795.53 crore.

Having almost exhausted the above limit, the Company has decided to close the buy-back of equity shares on February 06, 2009.

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