Reliance Industries (RIL) said it has bought back 1.41 crore shares for Rs 1,028.71 crore as of May 15, 2012.
The average buyback price per share is Rs 727.91.
The RIL board had approved buyback of up to 12 crore shares (7.22 per cent) in January this year. The maximum price was fixed at Rs 870 per share.
RIL will spend a maximum of Rs 10,440 crore for this buyback.
The buyback opened on February 1, 2012, and the last date is January 2013.
Citigroup Global Markets and DSP Merrill Lynch are the managers to the buyback.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.