Tag Archives: share buyback

Reliance Energy Share Buyback – yet another move

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After it’s 3 free shares for every 5 held, yet another move made by Anil Ambani to reduce losses and restore investor confidence by share buy-back.

Reliance Energy Ltd board has approved a buyback of shares worth up to Rs 2,000 crore (20 billion rupees) from the open market at a peak price of Rs 1,600 a share, a 9.6% premium.