SIVAPRAKASH P R

Originally Posted by SIVAPRAKASH P R

In 2004 RIL had announced a buyback for 3000 Cr. at 570 per share. It was 10% premium .
Then what happened? RIL bought only for 150.Cr.(only five percentage of its allocation) at average rate of 530 per share.

Now it Announces buy back for 10000Cr. According to SEBI norms it need not buy for this 10000Cr. only 25% is mandatory, so its obligation is only to buy for 2500 Cr.
So now shareholders have nothing to be excited