With the Stock Exchange in a state of severe shock the announcement of the country's largest real estate developers to post pone their Buyback proposals makes it quite evident that there is some kind of financial crunch on the company.

However, the CFO, DLF Ramesh Sanka stated "There's no cash problem .The process has started .This is just a formality we have to fulfill. It will start on October 17 instead of October 15".

The decision of buyback was taken by the company in July, where the company was to buy back its shares from the public. The company was to take the shares at Rs 600 per share and planned to buyback 11% shares which amount to some 22million shares. The offer of 1,100 crore buyback was to remain open from October 15 to July 9, 2009.

It is believed that such a scheme was opted for by the company to ensure and boost public support in the future especially when the stocks of the company were not looking to good. Looking at the figures the stock prices of the company had fallen by almost more than half i.e. 57.21% from January to July. Meanwhile DLF said in a filing to the Bombay Stock Exchange "The company is in the process of complying with the observations issued by Stock Exchange Board of India (Sebi).Hence, the offer opening date will be re-scheduled”. The Bankers for the Scheme are JM Financial and Merrill Lynch.

With the share of the company at Rs 310.60 up 3.07 percent on Tuesday will the company open the offer on 17 October is a big question mark?