Reliance considers closing share buyback

23-Jul-05
India's largest petrochemicals company, Reliance Industries Ltd.'s board is to consider closing its share buyback program on July 27. In December, Reliance had announced to buy back shares at up to Rs.570 per share for a maximum of Rs.29.99 billion or 10% of the share capital. The board of India's biggest private enterprise, Reliance Industries, had, at the time of approval of the share buyback, ignored objections from the vice-chairman - Anil Ambani.
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