October 14, 2014 09:27 am | Updated November 17, 2021 04:25 am IST - MUMBAI
A view of DLF apartment at Chilavannur Lake near Kadavanthra in Kochi. File photo: Thulasi Kakkat
India's largest listed property developer DLF Ltd. slumped 10 per cent during pre-open trading, heading towards its biggest single-day fall since September 2013 after the market regulator 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.
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