Tag: Surplus Cash

DLF To Spend Rs 500 Crore

After losing more than 71% of its market cap in the past six months, the country’s largest real estate developer DLF has announced a share buyback. The company is likely to spend around Rs 500 crore on the buyback programme, which will result in around 1 crore shares (equivalent to 0.6% equity stake) getting extinguished. […]