Collegers

Reliance buy back 12 crore shares

Reliance joins league of global energy firms like exon mobil.reliance offers exciting exit opportunity to share holders by giving reasonable premium to current market price Its offer buy back price Rs.870 per equity share It is 10% more than friday’s closing upto aggregate amount not exceeding 10.4 crores…Through stock exchange this buyback will surely provide sentimental boost to the company & The company is ready to buy shares If share price comes down sharply…
Cash balance is expected to remain unchanged at the end of financial year 2013… So No negative impact is forcing on the long term rating of the company…