As per the latest data, RIL has bought back 3.51 crore shares for an aggregate amount of Rs 2,512 crore till July 13.
New Delhi: Reliance Industries has repurchased shares worth Rs 2,512 crore from its public shareholders, making it the country's biggest share buyback programme ever while overtaking an earlier exercise by Piramal Healthcare.
With this, Mukesh Ambani-led RIL has managed to achieve nearly one-fourth of the targetted amount of Rs 10,440 crore from the buyback programme, which began in February 2012. The company can continue its buyback programme till January 19, 2013.
As per the latest data, RIL has bought back 3.51 crore shares for an aggregate amount of Rs 2,512 crore till July 13. So far, Piramal Healthcare had conducted the biggest ever share buyback programme, wherein it repurchased 4.18 crore shares for about Rs 2508 crore.
Comments
0 comment