DLF bought back shares only worth Rs 86 crore in Rs 1,100 crore
2009 January 19
Real estate major DLF has so far bought back shares only worth Rs 86 crore. The company has allocated Rs 1,100 crore for the buyback scheme, which will close on July 9 this year. Unlike many other companies which stepped up their buyback process amid bearish market conditions, the Delhi-based realty giant has decided to restrict its open market purchases to once a week.
Since October 17 last year, DLF has bought a total of 38,65,767 shares so far, as per stock exchange statistics.
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