RIL soars on repurchasing shares worth over Rs 3,800 crore

31 Dec 2012 Evaluate

Reliance Industries is currently trading at Rs 847.80, up by 7.45 points or 0.89% from its previous closing of Rs 840.35 on the BSE.

The scrip opened at Rs 841.50 and has touched a high and low of Rs 849.40 and Rs 841.50 respectively. So far 51320 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 881.00 on 17-Sep-2012 and a 52 week low of Rs 671.00 on 08-May-2012.

Last one week high and low of the scrip stood at Rs 849.40 and Rs 815.15 respectively. The current market cap of the company is Rs 271403.56 crore.

The promoters holding in the company stood at 45.24% while Institutions and Non-Institutions held 28.55% and 22.78% respectively.

Reliance Industries (RIL), since the launch of its share repurchase programme in February, has repurchased shares worth over Rs 3,800 crore from public shareholders. This is the biggest buy-back by an Indian company, after Piramal Healthcare bought back shares to the tune of Rs 2,508 crore in 2011.

Earlier on February 14, 2012, the company began a buyback programme targeting to repurchase Rs 10,440 crore, however, so far, the company has purchased shares worth Rs 3,855 crore, achieving 37% of the target with less than a month left for its completion.

Between February 14 and December 24, RIL had purchased 4.62 crore shares from the secondary market at an average price of Rs 834 apiece. The company’s buyback would end on January 19, 2013.

Reliance Industries Share Price

2871.00 20.80 (0.73%)
17-May-2024 16:01 View Price Chart
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Company Name CMP
Reliance Industries 2871.00
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