DLF to buy back 2.2 cr shares at Rs 600 per share
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suguhopes
Jul 10, 2008, 3:11:33 AM7/10/08
to Kences1
India's largest property developer DLF has earmarked Rs 1100 crore for
buy-back of its equity shares. The company will buy shares from the
shareholders at a maximum of Rs 600 per share, the company informed
the Bombay Stock Exchange today.
The company is planning to buy a maximum of 2.2 crore equity shares,
which constitutes 1.1 per cent to 1.29 per cent of the total equity
base of the company. After the buy-back, the promoters' shareholding
in the company will go up to 89.3 per cent from 88.1 per cent.
DLF's board met today to consider the buy-back of shares.
DLF's stock was trading at Rs 456.55 at 12.15 pm, nearly 1.39 per cent
higher than Wednesday's close of Rs 450.30.
N.Sukumar
Research Analyst
buy-back of its equity shares. The company will buy shares from the
shareholders at a maximum of Rs 600 per share, the company informed
the Bombay Stock Exchange today.
The company is planning to buy a maximum of 2.2 crore equity shares,
which constitutes 1.1 per cent to 1.29 per cent of the total equity
base of the company. After the buy-back, the promoters' shareholding
in the company will go up to 89.3 per cent from 88.1 per cent.
DLF's board met today to consider the buy-back of shares.
DLF's stock was trading at Rs 456.55 at 12.15 pm, nearly 1.39 per cent
higher than Wednesday's close of Rs 450.30.
N.Sukumar
Research Analyst
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