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Reliance Infra buys back 5,00,000 equity shares

20 Aug 2011 Evaluate

Reliance Infrastructure has bought-back 5,00,000 equity shares of the Company, pursuant to the buy-back program of the company. The Company had announced buy-back program of equity shares for an aggregate amount of up to Rs 1,000 crore. The Company has so far bought-back 28,75,000 equity shares for an aggregate amount of Rs 167.54 crore.

Reliance Infrastructure, formerly the Reliance Energy is a fully integrated utility engaged in generation, transmission and distribution of electricity constructing power plants as EPC partners. It ranks among India’s top listed private companies on all major financial parameters including assets, sales, profits and market capitalization.

Peers
Company Name CMP
NTPC 333.30
Tata Power 365.00
Adani Power 209.85
Power Grid Corpn. 269.10
Adani Energy Solut. 1373.75
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