RInfra’s 1k-cr Share Buyback from April 5

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.