Date:06/03/2008 URL: http://www.thehindu.com/2008/03/06/stories/2008030659852100.htm

Business - Briefly

Reliance Energy to buy back shares

MUMBAI: Reliance Energy Ltd (REL) has informed the stock exchanges that the board of the company has approved a buy-back of its outstanding equity shares for an aggregate amount of up to Rs. 2,000 crore in two phases. REL will buy-back shares up to a maximum price of Rs. 1,600.