Reliance Industries (RIL) said it has bought back 1.41 crore shares for Rs 1,028.71 crore as of May 15, 2012.
The average buyback price per share is Rs 727.91.
The RIL board had approved buyback of up to 12 crore shares (7.22 per cent) in January this year. The maximum price was fixed at Rs 870 per share.
RIL will spend a maximum of Rs 10,440 crore for this buyback.
The buyback opened on February 1, 2012, and the last date is January 2013.
Citigroup Global Markets and DSP Merrill Lynch are the managers to the buyback.