DLF head towards biggest single-day fall in over 1 year

The Securities and Exchange Board of India imposed a ban on realty major DLF and its top executives from accessing the capital markets for three years.

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.