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Home >> When DLF

When DLF

DLF TO PAY RS 1,100 CR TO BUY BACK 2.2 CR SHARES REAL

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estate major DLF has decided to allocate Rs.1, 100 crore to buy back 2.2 crore shares (1.2% stake) at Rs.600 per scrip. The market responded negatively to the development with the scrip, which had risen to Rs.475 on BSE on Thursday, crumbling to end the day at Rs.458. "Market is more mature now than it was two years ago and is unlikely to be influenced by such buyback moves. When DLF says it will buy back shares at a price "up to" Rs.600, it doesn't have any impact. DLF is not bou...

11.07.2008 | 's blog

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