The giant company in the Indian energy sector, Reliance Energy Limited (REL), has recently informed that it is going to change its name on the stock exchanges to Reliance Infrastructure Ltd, very soon. The officials of the company have stated that the board of directors of REL has already approved the proposal for changing name and the decision would be effective from 16th May.
According to an official statement released by the NSE on Tuesday, the Reliance Infrastructure Ltd is going to trade under the symbol of RELINFRA, after the name changing is implemented. The sources from the industry have informed that the company is buying back its own shares from the open market under the buy back scheme at the moment and the scheme started in the last week of March.
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| Posted : 5/9/2008 |
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