Financial Daily from THE HINDU group of publications
Monday, Dec 27, 2004
Financial Daily from THE HINDU group of publications Monday, Dec 27, 2004 |
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Power Corporate - Buyback Reliance Energy to buy back shares for Rs 525 Our Bureau
Mumbai , Dec. 26 RELIANCE Energy Ltd has said that it will buy back its shares for a maximum price of Rs 525 per share. The aggregate amount set aside for this share buyback programme is Rs 350 crore, the company said on Sunday. Last week, the company had announced that it was extending the buyback programme of its equity shares up to March 17, 2005. This will be the second extension to the buyback since it was announced on June 14. Reliance Energy said it was buying back its shares to reduce volatility of its share prices.
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