MUMBAI (Reuters) - India's largest listed property developer DLF Ltd slumped to a record low of 111.20 rupees on Tuesday, after market regulator SEBI barred the company from tapping the capital markets for three years.
As of 10:14 a.m., the shares were trading over 20 percent lower.
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.
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(Reporting by Abhishek Vishnoi; Editing by Biju Dwarakanath)