MUMBAI (Reuters) - India's largest listed property developer DLF Ltd slumped more than 20 percent on Tuesday, after market regulator SEBI barred the company from tapping the capital markets for three years.
The ban, a blow to the heavily-indebted real estate firm, follows what the regulator said was DLF's failure to provide key information on subsidiaries and pending legal cases at the time of its record-breaking 2007 initial public offering.
(For full story, click https://bsmedia.business-standard.comin.reuters.com/article/2014/10/14/india-dlf-sebi-idINKCN0I20T920141014)
(Reporting by Abhishek Vishnoi; Editing by Biju Dwarakanath)