Australia's Reliance Worldwide rises on further buy-back plans

Reliance Worldwide

15/03/2026 23:57

** Shares of Reliance Worldwide Corporation RWC.AX rise as much as 4.5% to A$3.050, their best intraday session since January 12

** The water flow control solution provider says it will undertake further on-market share buy-back targeting A$120 million ($83.93 million)

** Adds that buy-back plan to be funded by combination of cash reserves and borrowing facilities

** Stock down over 20% this year, including the day's move

($1 = 1.4298 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))