03.10.2008 - DLF targets foreign funds
From Financialexpress.com: DLF, India's largest real estate company by market capitalisation, is eyeing more funds from foreign investors including private equity funds after its share buyback in the next 12 months. The company is going ahead with the buyback at up to Rs 600 ($14) for each share, even though the current price is much lower. Shobhit Agarwal, joint MD, capital markets, Jones Lang Lasele Meghraj said: “Through the buyback, DLF will not only make money but will also portray the company’s strength. If it has a successful buyback, it will attract lots of investments, even from FIIs.” .... Full Article: Source
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