Reliance to buy back shares, board backs chairman
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Reliance Industries Ltd.&#39;s board approved a share buy-back plan on Monday, but Vice-Chairman Anil Ambani abstained from voting amid a deepening family row in India&#39;s largest private sector company.
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India's Reliance feud took another turn as younger brother Anil Ambani quit as vice-chairman and director of group affiliate Indian Petrochemicals Corporation Ltd., a Reliance official said on Monday.
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Ailing British retailer Marks and Spencer is to buy back 635 m shares -- around 27.9 pc of its issued capital -- at 362 pence following the UK&#39;s biggest ever tender offer.
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Reliance Energy on Tuesday decided to approach its principal shareholder Reliance Industries on &quot;matters concerning the future prospects of the company&quot; and reposed full faith in the present management led by chairman and managing director Anil Ambani.
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Reliance Industries Ltd. vice-chairman Anil Ambani said on Monday a share buy-back at this time was "completely inappropriate" and that he was neither consulted nor informed of the proposed share buy-back.
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Reliance Industries Ltd vice-chairman Anil Ambani said on Monday a share buy-back at this time was &quot;completely inappropriate&quot; and that he was neither consulted nor informed of the proposed share buy-back.
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BANGALORE, India The board of Reliance Energy, part of India&#39;s biggest industrial conglomerate, on Tuesday asked six directors to reconsider their resignations, giving investors hope that the power struggle between the Ambani brothers over control of the
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[Business India]: Mumbai, Nov 25 : A rift between the Ambani brothers who run the country&#39;s business conglomerate - the Reliance Group - today spilled into the board room of power utility Reliance Energy Ltd.
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Mumbai: Mukesh Ambani, battling with Anil Ambani over control of the Rs 90,000 crore Reliance Group, today appeared to have won the first round with the entire RIL board backing him fully on the controversial proposal for buy-back of shares and other
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The acceptance by Reliance Energy (REL), of the right claimed by RIL to nominate, so long as it held 26 per cent of it, both the chairman and the VC of REL, followed by Mukesh Ambani annulling his 12 per cent stake granted through sweat equity, in
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Deutsche Boerse buys a 5% stake in India's Bombay Stock Exchange (BSE), a report says.
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Mumbai: The Board of Directors of the Reliance Energy Ltd (REL) on Tuesday requested the six Directors to reconsider their resignation.
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MUMBAI: Amid reports that announcement of Rs 11,000 crore investment in Uttar Pradesh by Reliance Energy was among the reasons for rift between the Ambani brothers, REL on Tuesday decided to approach parent company Reliance Industries Ltd on its future
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MUMBAI: Anil D Ambani, vice-chairman and MD of Reliance Industries (RIL), has claimed that the RIL board was not informed about changes in the equity structure of Reliance Infocomm, though RIL is a large shareholder and has invested over Rs 12,000 crore
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Wal-Mart Stores Inc. is launching a new share repurchase plan in which it will buy back $10 billion of company shares. The plan replaces a previous plan in which the company was buying back $7 billion worth of shares.
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Shares at Reliance Industries Ltd. fell for a third day after six directors quit at a subsidiary, stoking concern a dispute between the Ambani brothers, who manage India&#39;s biggest private company, may disrupt the business.
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New Delhi: In a counter-offensive against warring younger brother Anil, Reliance Industries chairman Mukesh Ambani on Thursday gave up Rs 50 crore shares at face value in the Reliance Infocomm, ahead of the crucial Board meeting of the flagship company on