Reliance Infrastructure buys back two lakh shares
Reliance Infrastructure Wednesday said it has bought back 2 lakh equity shares from the open market.
New Delhi: Reliance Infrastructure Wednesday said it has bought back 2 lakh equity shares from the open market.
"Reliance Infrastructure has today bought back 2 lakh shares of the company, pursuant to the buy-back programme of the company," it said in a filing to BSE.
Shares of the company today closed at Rs 468.9 apiece on the BSE, down 1.39 percent over the previous closing.
Reliance Infrastructure, which is developing two metro rail projects in Mumbai, had in April this year launched its Rs 1,000 crore share buy back programme to reduce short-term volatility in its share price.
Since the launch of the programme, the company has bought back 42.25 lakh shares from the market for an aggregate amount of Rs 226.05 crore, it said.
The net profit of the Anil Ambani-led company remained flat at Rs 361.63 crore during the July-September quarter of the current fiscal.
It has an order book of Rs 24,325 crore, as on September 30.