Business - Briefly   

DLF to buy back shares worth Rs. 1,100 cr.

NEW DELHI: Realty giant DLF on Thursday said it would buy back up to 2.2 crore shares from the market at a maximum price of Rs. 600 each, as the firm’s intrinsic value and future growth potential is not reflected in its current share price, which has dipped below the IPO price of Rs. 525. The company’s board has approved the buyback plan for purchasing shares worth up to Rs. 1,100 crore that would come through internal resources.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

40% of food items in WPI decline, says study
Ruia buys U.K. component maker
Audi introduces new A4 sedan
Windfall tax violative of NELP policy
Offshoring to India creates jobs in U.K.
Spice Energy to import LNG from Indonesia
Attracting investment in clean technology
Oil assets abroad enable India to counter shock
RBI directors meet
Markets end lower
Rupee gains 13 paise at 43
Exchange Rates
Bullion Rates
Dow Chemical to buy Rohm and Haas
Novartis to buy Speedel
BMW introduces new 5 Series
Allied buys major stake in U.S. firm
RiskTech wins three overseas contracts
MindTree to open centre in Mexico
DLF to buy back shares worth Rs. 1,100 cr.
Canara Bank gets clearance for branch in China
IOC ties up with Max New York Life
IMPAL fixes record date
ICICI Bank launches direct banking
GIC Housing Finance launches Home Guard
High definition video conferencing system

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu