The company is planning to buy a maximum of 22 million equity shares, which constitutes 1.1 per cent to 1.29 per cent of the total equity base of the company. After the buy-back, the promoters' shareholding in the company will go up to 89.3 per cent from 88.1 per cent.
DLF's board met today to consider the buy-back of shares.
DLF's stock was trading at Rs 456.55 at 12.15 pm, nearly 1.39 per cent higher than Wednesday's close of Rs 450.30.