India's most valued stock Reliance Industries
gained more than 1% on Tuesday. The Hindu Business Line reported that
the company has bought back 2.45 crore shares for Rs 1,750.31 crore as
of June 1 and the average buyback price per share was Rs 713.68 a share.
In January 2012, board members of the company approved buyback of up to 12 crore shares (7.22%) and the maximum price was fixed at Rs 870 per share. The buyback will remain open till January 19, 2013.
Reliance Brands, a unit of Reliance Industries, announced a joint venture with America's clothing retailer Brooks Brothers to set up the latter's shops in India.
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In January 2012, board members of the company approved buyback of up to 12 crore shares (7.22%) and the maximum price was fixed at Rs 870 per share. The buyback will remain open till January 19, 2013.
Reliance Brands, a unit of Reliance Industries, announced a joint venture with America's clothing retailer Brooks Brothers to set up the latter's shops in India.
Read more
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