16th-Feb-2012 12:03
Source: BSE
Reliance Infra - Updates on Buy back offer 
Reliance Infrastructure Ltd has informed BSE about the following:
ICICI Securities Ltd ("Manager to the Buyback") on behalf of Reliance Infrastructure Ltd ("Target Company") has informed this Post Offer Public Announcement to the Equity Shareholders / Beneficial Owners of the Equity Shares of the Company regarding completion of Buy-back offer, which is in continuation of and should be read in conjunction with the Public Announcement ("PA") dated March 25, 2011 & a Corrigendum Public Announcement (Corrigendum PA) dated April 08, 2011, in compliance with Regulation 19(7) of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998 and subsequent amendments thereof.
A The Buy-Back
1. The Target Company had announced the Buy-back of its fully paid-up equity shares of the face value Rs. 10 each ("equity shares") pursuant to the approval of the Board of Directors at their meeting held on February 14, 2011. The capitalized terms and abbreviations used in this advertisement have the same meaning ascribed to them in the PA and the Corrigendum PA, unless otherwise specified
2 The Buy-back commenced on April 11, 2011 and it was completed on February 13, 2012. The payout formalities will be completed by February 16, 2012. Till closure of Buy-back, the Company has utilised 23.43 % of the amount authorized for the Buy-back.
3. The Company has extinguished 44,25,000 Equity Shares till date and is in the process of extinguishing 5,262 Equity Shares out of 44,30,262 Equity Shares bought - back.
B. Details of the Buy-back:
1. The total number of Equity Shares bought - back under the Buy-back is 44,30,262 Equity Shares.
2. The total amount invested in the Buy-back is Rs. 234.32 crore which excludes brokerage costs, SEBI turnover charges, taxes such as securities transaction tax, service tax and relevant stamp duty.
3 The price at which the Equity Shares were bought - back was dependent on the price quoted on the BSE and NSE. The Equity Shares were bought - back at an average price of Rs. 528.91 per Equity Share.
4 The Equity Shares were bought in the demat segment from the Stock Exchanges. As the offer for the Buyback of the Equity Shares of the Company was from the Open Market through Stock Exchange(s), the identity of shareholders from whom Equity Shares exceeding one per cent of the total Equity Shares bought in the Buy-back is not known.
C. Capital Structure
The capital structure of the Company, pre and post Buy-back, is as under:
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Share Capital Pre Buy-back Post Buy-back
(as on March 25, 2011) (as on February 13, 2012)
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Issued Rs. 269.82 crore (26,98,22,327 Equity Rs. 265.39 crore (26,53,92,065 Equity
shares of Rs. 10 each) shares of Rs. 10 each)
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Subscribed and paid-up$ Rs. 267.46 crore (26,74,20,262 Equity Rs. 263.03 crore (26,29,90,000 Equity
shares of Rs. 10 each) shares of Rs. 10 each)
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$ Amount of subscribed and paid up capital includes Rs 4,00,000, being the amount originally paid up in respect of forfeited shares.
NSE: RELINFRA
