DLF falls over 2% as COMPAT upholds Rs 650 cr fine

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Shares of real estate major DLF dipped over 2 per cent in early trade on Bombay Stock Exchange (BSE) after the Competition Appellate Tribunal (Compat) upheld a penalty of Rs 630 crore on the company for abusing its dominant market position.

The tribunal on Monday upholds the order of the Competition Commission of India holding the company guilty of abusing its dominant market position with regard to a residential society in Gurgaon.

Reacting to news, shares of company declined as much as 2.44 per cent to trade at Rs 178.00 a piece on the BSE.

In a similar fashion, shares of company slipped 2.11 per cent to Rs 178.45 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 24,399.62, up 36.57 points or 0.15 per cent at 9:30 hours.

Read more about: dlf
Story first published: Tuesday, May 20, 2014, 12:30 [IST]
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