Reliance Industries has bought back 3,63,05,226 shares at an average price of Rs 715.06 a share.
An RIL statement said it had deployed Rs 2,596.05 crore as on July 23 for the buy back.
The company’s board had approved buyback of up to 12 crore shares or (7.22 per cent) on January 20 this year.
The board had fixed the buyback price at Rs 870 a share and the maximum payout at Rs 10,440 crore.
The buyback opened on February 1, 2012, and the last date is January 19, 2013.
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.