04 Jul 08 DLF Buyback offer proposed
The DLF Buyback offer drama continues to unfold in the markets. After witnessing its highest ever single day gain yesterday, the share prices of DLF seem to be back to square one today, after registering the highest every single day fall ever since its IPO last year. Shareholders have realised that DLF would be able to buyback only about 2% of the free float, since SEBI’s guidelines as per the listing agreement mandates that a listed company has atleast 10% free float (non promoter shareholding) failing which the company will be compulsorily delisted from the stock exchanges. Its interesting to note that DLF took this route to get delisted from the stock exchanges a few years back, before coming up with another IPO last year. At a time when the interest rates are close to the peak increasing borrowing costs of real estate company tremendously, it doesn’t make sense at all to go for a buyback offer. More details about the DLF Buyback offer will be updated here soon.
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hi ,
i am having 180 DLF shares can anyone tell me how to sell it in buy back offer
hi have200dlf share