Property major DLF has decided to spend Rs 1,100 crore to buy back 22 million shares of the company at a maximum price of Rs 600 per share.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>Typically, any company would look to buy back shares from the market if it has some spare cash lying around and of course, if it believes the stock is undervalued. 
</p><p class='TableClas'>While DLF does have some cash on the balance sheet of around Rs 1900 crore, analysts point out that it also has a high net debt of about Rs 10,300 crore. which makes of a debt 

DLF: Appeasing shareholders

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