MUMBAI (Reuters) - The promoters of DLF Ltd
The parent company will continue to hold its 60 percent stake in DLF Cyber City Developers Ltd, the rental business, DLF said in a filing.
Market regulator Securities and Exchange Board of India (SEBI) had imposed a ban on DLF last year for allegedly misleading investors by withholding information about some of its units and the criminal cases pending against them in its IPO prospectus.
The debt-laden developer later won its appeal against the three-year ban from accessing capital markets imposed by the regulator, a decision that overturned the country's harshest ever regulatory punishment.
(Reporting by Nivedita Bhattacharjee in Mumbai; Editing by Gopakumar Warrier)
