Reliance Infra buys back one lakh shares

“We have today bought-back one lakh equity shares of the company,” Reliance Infra said in a filing to the Bombay Stock Exchange.

The buyback worth about Rs 1,000 crore would be funded from investments made by the company in liquid and marketable securities.

The company has done three buybacks till date for an aggregate amount of Rs 923 crore and the current buy-back offer shows that more than 100 per cent of the aggregate amount invested in the three previous buybacks,it said.

Reliance Infrastructure is buying shares on BSE and NSE,through open market purchases from time to time.

Shares of Reliance Infrastructure today closed at Rs 674.15 on BSE,down 1.86 per cent from the previous close.