Transaction in Own Shares

14 Apr 2008 09:42

Reliance Energy Ld14 April 2008 Reliance Energy buys back 176,871 equity shares Mumbai, April 9, 2008: Reliance Energy Limited today bought-back 176,871 equity shares of the Company. Since the commencement of the buy-back on March 25, 2008, Reliance Energy has so far bought back 20,38,551 equity shares aggregating Rs. 250.75 crore. The board of directors of Reliance Energy Limited has approved buy-back of equity shares of the Company up to an aggregate amount of Rs.800 crore. Reliance Energy Limited: Reliance Energy, a part of Reliance - Anil Dhirubhai Ambani Group, is India's leading private sector utility Company. Reliance Anil Dhirubhai Ambani Group currently has a market capitalisation of over Rs.2,65,000 crore, net worth in excess of Rs.40,000 crore, cash flow of Rs.9,000 crore, net profit of Rs.5,000 crore and zero net debt. Reliance Energy is ranked amongst India's top 20 listed private companies in terms of all major financial parameters, including assets, sales, net worth, profits and market capitalisation. This information is provided by RNS The company news service from the London Stock Exchange