RIL buys back shares worth Rs 1,929 cr

RIL on Thursday on Thursday said it had bought back stocks worth Rs 1,929 crore since the launch of share repurchase programme in February, achieving 22.5 per cent of the targeted amount.

RIL that began a buyback programme of Rs 10,440 crore early this year, has so far purchased shares to the tune of Rs 1,929 crore through open market transaction. “We have, to date, bought back 27 million shares at a cost of Rs 1,929 crore, this represents 22.5% of the cap set by the board,” Mukesh Ambani said.