Anil Dhirubhai Ambani Group firm Reliance Infrastructure (R-Infra) today said it had bought back 5 lakh equity shares of the company from the open market.
"Reliance Infrastructure today bought back 5 lakh equity shares of the company, pursuant to the buy-back programme of the company," it said in a statement.
On August 18 also, the company has bought back 5 lakh equity shares of the company from the open market.
The company's Rs 1,000-crore buy-back plan is aimed to reduce short-term volatility in its share price and discourage speculative activity in its stocks.
Since the launch of the programme in April 11, the firm has so far bought back 3.479 million equity shares for Rs 192.96 crore, it added.
Shares of R-Infra today closed at Rs 416.7 on the BSE, down 6.95%.
