14th Feb 2012 13:08
February 14, 2012
Dear Sirs
Sub.: Buy-back Programme of Reliance Infrastructure Limited
Reliance Infrastructure Limited had launched a programme for buy-back of its equity shares, pursuant to the resolution passed by the Board of Directors on February 14, 2011 and commenced buy-back from April 11, 2011.
The said buy - back programme closed on February 13, 2012 in terms of Section 77A(4) of the Companies Act, 1956, i.e. twelve months from the date of passing of resolution by the Board of Directors of the Company.
The Company bought-back 44,30,262 equity shares of Rs. 234.32 crore representing 1.66% of the pre buy-back paid up equity shares at an average price of Rs 528.91 per equity share.
The stock price of the Company which was ruling around Rs. 334 on January 2, 2012 has gone up to Rs. 602 yesterday, recording a rise of about 80%.
We request the above to be taken on record.
Yours faithfully
For Reliance Infrastructure Limited
Ramesh Shenoy
Company Secretary
Related Shares:
Reliance Inf S