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DLF Down 3% On Reports That SEBI Moves SC Against Asset Monetization
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Shares in DLF fell as much as 3 per cent, after reports in the Business Standard that the Securities and Exchange Board of India (SEBI) has moved the Supreme Court against the companies plans to monetize its rental properties.
The shares were last trading lower by 2.5 per cent in the Bombay Stock Exchange.
In Oct last year, SEBI passed an order barring the company and its executives from the capital markets. Earlier in Feb this year, SEBI imposed a fine on the company.
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