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| Articles about Reliance Energy |
| Reliance Energy vaults 7% | | 2008-04-10 07:43:00 | | Anil Ambani group firm Reliance Energy`s buy back offer worth Rs 8 billion has given its stock a boost. The company`s shares soared about 7% today at the BSE.The scrip was last quoting at Rs 1,259, up Rs 82.10, or 6.98% on volumes of over 1.17 million at 2.15 p.m.Reliance Energy, now Reliance Infrastructure, since the commencement of the buy-back offer on Mar. 25, 2008, has bought over 2 million shares, aggregating Rs 2,507.5 million.The board of directors of Reliance Energy (REL) has approved Rs 20 billion share buy-back in two phases through open market transactions at a maximum price of Rs 1,600 a share.The company, in the first phase will spend Rs 8 billion, amounting to 10% of the company`s equity and free reserves. The remaining Rs 12 billion shall be expended in the second phase, subject to necessary approvals by the shareholders.REL`s fully diluted equity capital is Rs 2,795.3 million, and its market capitalization is about Rs 420 billion (USD 10.5 billion). | | By: Indian stock markets | | |
| | Reliance Energy buys-back shares worth Rs 1.74 bn | | 2008-04-03 09:39:00 | | Anil Ambani group`s Reliance Energy, on Apr. 03, 2008, bought-back 200,000 equity shares of the company.Since the commencement of the buy-back on Mar. 25, 2008, the company has so far bought back 1.38 million equity shares aggregating to Rs 1,745.6 million.The board of directors of the company has approved buy-back of equity shares of the Company up to an aggregate amount of Rs 800 crore.The board of directors of Reliance Energy (REL) has approved Rs 20 billion share buy-back in two phases through open market transactions at a maximum price of Rs 1,600 a share.The company, in the first phase will spend Rs 8 billion, amounting to 10% of the company's equity and free reserves. The remaining Rs 12 billion shall be expended in the second phase, subject to necessary approvals by the shareholders.REL`s fully diluted equity capital is Rs 2,795.3 million, and its market capitalization is about Rs 420 billion (USD 10.5 billion).Shares of the company closed down Rs 40.80, or 3.32%, at Rs 1,189. | | By: Indian stock markets | | |
| | Reliance Energy buys back 650,000 shares | | 2008-03-28 03:58:00 | | The Anil Ambani promoted Reliance Energy has bought back 650,000 equity shares of the company since the start of the offer Tuesday at nearly Rs.1,279.23 a share aggregating Rs.831.5 million ($21 million).The company's board had approved buy-back of equity shares up to Rs.8 billion ($200 million), amounting to 10 percent of the company`s equity and free reserves.The remaining Rs.12 billion was intended for sale in the second phase, subject to necessary approvals by the shareholders. JM Financial | | By: Brand Mantra | | |
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| Reliance Energy buys back 200,000 shares | | 2008-03-27 22:42:00 | | Anil Ambani led Reliance Energy has bought-back 200,000 equity shares of the company on Mar. 27, 2008. Since the commencement of the buy-back on Mar. 27, 2008, the company has so far bought back 650,000 equity shares at nearly Rs 1,279.23 a share aggregating Rs 831.5 million.The board has approved the buy-back of equity shares of the company up to an aggregate amount of Rs 8 billion under the first phase, the company said.Recently the company approved Rs 20 billion share buy-back in two phases through open market transactions at a maximum price of Rs 1,600 a share. The company, in the first phase will spend Rs 8 billion, amounting to 10% of the company`s equity and free reserves. The remaining Rs 12 billion shall be expended in the second phase, subject to necessary approvals by the shareholders.Shares of the company declined Rs 11.25, or 0.87%, to settle at Rs 1,286.4. The total volume of shares traded was 887,903 at the BSE (Thursday). | | By: Indian stock markets | | |
| | Reliance Energy Limited (REL), board clears buy-back; to buy shares worth Rs 20 bn | | 2008-03-05 06:19:00 | | Reliance Energy (REL), a ADAG group company, announced today the board of directors approved a buy-back of its outstanding equity shares for an aggregate amount of up to Rs 20 billion (USD 500 million), in two phases.An amount of Rs 8 billion (USD 200 million) will be expended in the first phase on the share buyback, pursuant to the approval granted by the board of directors. This amount represents 10% of the paid-up equity share capital of the company, and its free reserves.A further amount of Rs 12 billion (USD 300 million) will be expended in the second phase, subject to necessary approvals by the shareholders, in terms of the provisions of the Companies Act, 1956 and relevant SEBI Guidelines. This amount represents an additional 15% of the paid-up equity share capital of the company, and its free reserves.REL will buy-back shares up to a maximum price of Rs 1,600, representing a premium of over 30% to the low of Rs 1,225 recorded during the calendar year 2008, and a premium of near | | By: Indian stock markets | | |
| | Reliance Energy board to consider buy-back of shares | | 2008-02-25 23:15:00 | | A meeting of the board of directors of Reliance Energy will be held on Mar. 05, 2008, to consider, buy back of equity shares of the company. Reliance Energy (BSES) was incorporated in 1929 as Bombay Suburban Electric Supply. With Reliance`s aggregate shareholding of 53.38%, the company`s name was changed to the present one.The company`s principal activity is to generate, transmit and distribute electricity. It also provides electrical contracting, engineering, procurement and construction contracts and computer services.Shares of the company gained Rs 66.8, or 4.29%, to settle at Rs 1,622.7. The total volume of shares traded was 920,999 at the BSE. (Monday) | | By: Indian stock markets | | |
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| Reliance Energy is top draw from Sensex pack | | 2008-01-25 06:10:31 | | ICICI Bank, Ranbaxy Laboratories, Larsen & Toubro and HDFC Bank are among the other gainers.
BSE Sensex was up 967.04 points or 5.62% to 18,189.99. Stocks rose in Asia today, 25 January 2008, buoyed up by several factors including strong corporate sentiment in Germany and a return of some confidence in the US economy after solid employment data and a congressional fiscal package. The Bush | | By: Indian Stock Markets Revealed! | | |
| | Reliance Energy - Airport Metro Express Line | | 2008-01-23 08:03:21 | | Reliance Energy Ltd has informed that the Company, in consortium with CAF of Spain, has been awarded the Airport Metro Express Line, Delhi project on BOOT basis for a concession period of 30 years. The proposed 22.7 km of high speed metro rail link shall connect New Delhi Railway Station and New Delhi International Airport through Cannaught Place.
The project has been awarded by Delhi Metro Rail | | By: Indian Stock Markets Revealed! | | |
| | INDIA: Reliance Energy to build mega power plant in Haryana | | 2007-05-21 09:32:00 | | Ruias-led corporate house Essar group has won an offshore oil block in Nigeria with reserves of up to 80 million barrels. Essar Energy Holdings Ltd, a unit of Essar Global, has bagged a shallow water offshore exploration Block 226 in the African country, industry sources said. Nigeria had offered 45 exploration blocks in its latest licensing round, to which no Indian company except Essar had | | By: energy BLOG | | |
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