Friday, July 25, 2008

DLF to Buy Back Shares at Rs600 a Share

Realty firm DLF will buy back its stocks at maximum price of Rs600 per share over the next 12 months. The buyback price is 71.28% higher than the scrip's closing price of Rs450.30 (as traded last week). This is the second largest open market buyback offer in the history of Indian stock exchange. However, analysts say that this offer may not enthuse investors at all.

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