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DLF falls over 20 percent after SEBI ban

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Reuters MUMBAI

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 http://in.reuters.com/article/2014/10/14/india-dlf-sebi-idINKCN0I20T920141014)

(Reporting by Abhishek Vishnoi; Editing by Biju Dwarakanath)

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First Published: Oct 14 2014 | 9:32 AM IST

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