Reliance Infrastructure Ltd has informed FreePress that the Board of Directors of the Company had at its meeting held on March 05, 2008 approved buy-back of equity shares of the Company up to an amount not exceeding 10% of the paid-up capital and free reserves of the Company, i.e. up to Rs 800.06 crore.
Pursuant to the above approval, the Company has bought-back 87,60,000 equity shares for Rs 795.53 crore.
Having almost exhausted the above limit, the Company has decided to close the buy-back of equity shares on February 06, 2009.