Reliance Infrastructure had repurchased shares worth Rs.234.32 crore under a share buyback programme that had begun on April 11, 2011. So far the company had conducted four buyback programme, through which it had collected Rs.1,150 crore.
The reason for conducting buyback programme is to stem company’s future growth amid investors and also to minimize speculation in the market.
In the present buyback programme, the company had sold 44.3 lakh shares, accounting for 1.66% stake in the company, which was bought at an average price of Rs.528.91 each.
The share price of Reliance Infrastructure was up 1.75% to Rs.626.60 per share during the early trade on BSE. The scrip has touched a day high of Rs.633.70 per share and a day low of Rs.623 per share in the trade so far.
Email this page
| ursulaN says, Personal finance is the (10 weeks 4 days ago) |
| cbhattarai says, Budgeting Tips (16 weeks 2 days ago) |
| cbhattarai says, Budgeting Tips (16 weeks 2 days ago) |
| cbhattarai says, reply (16 weeks 2 days ago) |
| veronicaD says, Loans recently provides us (20 weeks 22 hours ago) |
| Ramalingam K says, With proper tax planning you (21 weeks 22 hours ago) |
| Ramalingam K says, With proper tax planning you (21 weeks 22 hours ago) |
| cbhattarai says, Paying tax in advance is (21 weeks 1 day ago) |