Thanks for the details.
Did you try to download the installer from the following link? http://helpx.adobe.com/flash-player/kb/installation-problems-flash-player-windows.html#mai n-pars_header
After downloading, close all browsers and double-click the file you downloaded.
Sunil, I just want to verify you are pointing me to the link under "Progress bar hangs during download / Unable to connect to server / Unable to download metafile."
If yes, then that is the file I originally downloaded based on a March post I saw here.
I just tried it again, and it (by "it" I mean the Flash Player Plug-in (All other browsers from download.macromedia.com) installed 11.6.
After the installation process completed, the dialog box notified me it was version 11.6, and when I went back to, the "find version" page, 11.6 was confirmed.
I did not download the exe for Internet Explorer, as I almost never use that browser.
I just tried the same in a Windows 7 box, and Flash Player 11.7 was installed without any issues. When you double-clicked the exe, did it say 11.7 installer?
The link that Sunil posted is definitely to the 11.7 version.
Maybe you have an older download cached somewhere?