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 | 343.50 |
| Tata Power | 377.00 |
| Power Grid Corpn. | 282.75 |
| Adani Power | 209.55 |
| Torrent Power | 1431.25 |
| View more.. | |
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