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The Rs 10,440-crore buyback programme of Reliance Industries will start from February 1 and closes on January 19, 2013. Reliance would buyback up to 12 crore equity shares from the open market at a maximum price of Rs 870 apiece in its first share buyback since 2005. It has to be seen whether the company will buyback from open market from this week itself, as the stock has gained substantially to Rs 818.The stock has touched a year-low of Rs 687 on January 2.
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