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StreetInsider.com
Oct 6
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Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Pre-Paid+Legal+%28PPD%29+Receives+Subpoena+from+SEC+Related+to+Treasury+Stock+Repurchase+Program/4998107.html for the full story.
The Economic Times
Sep 19
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Petroleum Trust will get Rs 3,188 cr from the deal at an average price of Rs 2,125 per share.
Business Standard
Sep 17
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Reliance Industries today raised Rs 3,188 crore by selling its own shares, that could help it buy oil fields abroad.
Business Standard
Sep 16
Comment
Reliance Industries (RIL), Indias largest private sector company by market capitalisation, plans to offload a part of its treasury stock, held through the Petroleum Trust, which is controlled by the promoters.
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more ▼WIKI ANALYSIS
WIKI ANALYSIS| This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition. |
TOP CONTRIBUTORS
Treasury Stock are the shares of the company that it keeps in its own treasury.
These shares may have been bought back from shareholders or never sold in the first place. Because these shares are owned by the company itself, they receive no dividends, do not have voting rights and are not counted in Shares Outstanding.
Companies maintain treasury stock for a few reasons. The shares may be kept after an Initial Public Offering (IPO) or other offering to maintain the possibility of easily generating cash by selling the stock. Companies will also maintain treasury stock to help prevent a hostile takeover by owning a portion of the company's shares.[1]
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