Reliance Infrastructure will start buying back its shares from April 5. The 1,000-crore buyback, approved by the company’s board last month, aims to reduce short-term volatility and deter speculative activity in its shares.
So far, the company has bought back its shares thrice, worth a total of 923 crore. Reliance Infrastructure set a price of .725 for the buyback. Funds for the buyback will be sourced from investments made by the company in liquid and marketable securities.
| Company Name | CMP |
|---|---|
| NTPC | 396.10 |
| Tata Power | 435.70 |
| Adani Power | 203.05 |
| Power Grid Corp | 319.30 |
| Torrent Power | 1622.05 |
| View more.. | |
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