Rel Infra to consider buyback offer

Anil Ambani Group firm Reliance Infrastructure Ltd on Wednesday said it would consider to approve the proposal to buy-back equity shares of the company on February 14.

The board of directors would discuss and take a final decision on the buy-back proposal at its meeting scheduled to be held on February 14, Reliance Infrastructure said in a filling to the Bombay Stock Exchange (BSE).

The company operates various segments like carrying out infrastructure projects related to roads, metro transit systems, airports. It also has a major stake in energy segment and engineering procurement and construction.

Shares of the company closed at Rs 534.70, down 18.79 per cent from the previous close on the BSE.