New Delhi: Under the buy-back programme launched by Anil Ambani group firm Reliance Infrastructure bought 19 lakh shares worth Rs.121.14 crore. This was said in a communique to the Bombay Stock Exchange by RInfra.

To reduce short-term volatility in the firm''s share price as well as to discourage speculative activity in its stocks, the company had earlier announced that it would buy-back shares of the company through open market purchases for an aggregate amount of Rs 1,000 crore.

The buy-back would be funded from investments made by the company in liquid and marketable securities, it had said. Shares of Reliance Infrastructure today closed at Rs 557.3 on BSE, up 0.85 per cent from the previous close.

Agencies