Rel Infrastructure buys back shares worth Rs 343.12 cr

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Posted online: Tuesday , May 06, 2008 at 1845 hrs IST

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Mumbai, May 6: Anil Ambani-led Reliance Infrastructure, formerly known as Reliance Energy, on Tuesday said it has bought back shares worth Rs 343.12 crore since the commencement of buyback offer on March 25.

The firm has so far bought back 26.82 lakh equity shares since the start of the offer, it said in a statement.

Reliance Infrastructure bought back two lakh equity shares on Tuesday.

Earlier, shareholders of the company had approved the buyback of equity shares up to an aggregate amount of Rs 2,000 crore.

The last date for the buyback is March 4, 2009, a year from the date of the board's approval for the offer.

Shares of the company closed at Rs 1,442.30 at the BSE, down 4.92 per cent from the previous close.

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Rel Infrastructure buys back shares worth Rs 343.12 cr

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