Anil Ambani group firm Reliance Infrastructure today said it has bought-back one lakh equity shares through open market under its Rs 1,000-crore buyback programme.
The move is aimed at reducing short-term volatility in the share price.
"Reliance Infrastructure has today bought-back one lakh equity shares of the company pursuant to the buy-back programme of the company," it said in a filing to the Bombay Stock Exchange.
The filing added that so far the company has bought back 11 lakh equity shares under the programme.
The buyback is being funded from the investments made by the company in liquid and marketable securities.
Shares of Reliance Infrastructure today closed at Rs 643.85 apiece on the Bombay Stock Exchange, down 1.82% from the previous close.
