Reliance Energy extends buyback
Our Corporate Bureau
21 December 2004
On 14 June, REL had announced a buyback that was to end on 8 June 2005. Initially, the buyback was to be open for 90 days to close on 18 September. On 21 July the board decided to extend the buyback up to 17 December.
JM Morgan Stanley, managers of the buyback, said that the company will continue buying shares for another 90 days up to March 2005.