Anil Dhirubhai Ambani Group firm Reliance Infrastructure today said it has bought back five lakh equity shares of the company from the open market.
"Reliance Infrastructure today bought back five lakh equity shares of the company, pursuant to the buy-back programme of the company," it said in a statement.
On August 18 also, the company has bought back five lakh equity shares of the company from the open market.
Reliance Infrastructure's Rs. 1,000-crore buyback plan is aimed to reduce short-term volatility in its share price and discourage speculative activity in its stocks.
Reliance Infrastructure's Rs. 1,000-crore buyback plan is aimed to reduce short-term volatility in its share price and discourage speculative activity in its stocks.
Since launch of the programme in April 11, the firm has so far bought back 34.79 lakh equity shares for Rs. 192.96 crore, it added.
Shares of Reliance Infrastructure today closed at Rs. 416.7 on BSE, down 6.95 per cent.
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