Citigroup Global Markets and DSP Merrill Lynch are the managers to the buyback.
The RIL board had approved the buyback of up to 12 crore shares on January 20 this year. This constituted approximately 7.22% of the company's paid-up equity capital.
The company announced that the total sum paid excludes brokerage, service tax, securities transaction tax, stamp duty, exchange transaction charges and SEBI fees.
The board had approved a price ranging between Rs860-870 per share. The total value of the buyback was quoted at a maximum of Rs10,440 crore. The buyback opened on February 1, 2012 and the last date is January 2013.
....more info
The RIL board had approved the buyback of up to 12 crore shares on January 20 this year. This constituted approximately 7.22% of the company's paid-up equity capital.
The company announced that the total sum paid excludes brokerage, service tax, securities transaction tax, stamp duty, exchange transaction charges and SEBI fees.
The board had approved a price ranging between Rs860-870 per share. The total value of the buyback was quoted at a maximum of Rs10,440 crore. The buyback opened on February 1, 2012 and the last date is January 2013.
....more info