Reliance to close buy back on Aug 2

The board of directors of Reliance Industries, which met today, approved a proposal to close the buy back of equity shares from the open market through stock exchanges from the end of business on August 2, 2005.

This was announced in a release issued by the company to the BSE today.

The board meeting also cleared the appointment of Dipak C Jain, dean of Kellog School of Management, Illinois, as an additional and independent director on the board w.e.f August 4, 2005.