RIL promoters buy company shares worth Rs 614 cr

MUMBAI: Reliance Industries promoter group entities Priyash Commercials and Reliance Property Management Services on Wednesday bought 65 lakh shares worth Rs 614.29 crore of the country's most valued firm.

While Priyash Commercials bought 15 lakh shares, Reliance Property Management Services purchased 50 lakh shares from Radha Krishna Enterprises. The purchasing price of each share of the company was Rs 945, according to the data available on NSE website.

Priyash Commercials is one of the promoter group firm of RIL; it held 200 shares of the company at the end of March quarter.

As on March 31, 2011, the promoter and promoter group of RIL held 44.72 per cent in the company.

Shares of RIL today closed at Rs 947.65 on the NSE, up 0.33 per cent from the previous close.