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Reliance Infrastructure announced on Wednesday that the company is considering buying back its equity shares from the stock market.
In a notice to the stock exchanges, the company said that its Board will meet on February 14 to consider the same.
As on January 7, the promoters held 47.73 per cent stake in the company and the public held close to 38 per cent.
Just last month the promoters increased their stake in the company through conversion of warrants. Their stake rose from 42.73 per cent (as on September 30, 2010) to 48 per cent.
Shares of Reliance Infrastructure dipped 18.79 per cent to Rs 534.7 on BSE on Wednesday.
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