The regulator on Thursday, in two separate orders, imposed monetary penalties on DLF and seven of its officials for alleged fraudulent and unfair trade practices and several other related entities.
SEBI's latest orders come after it had in October banned the Delhi-based real estate major and some of its top officials from securities market for three years in a similar case. DLF has challenged Sebi's order before the Securities Appellate Tribunal.
"We are presently reviewing the said Orders and after taking appropriate legal advice, we will challenge the said Orders in appeal," the company said in a filing to stock exchanges.
The stock was at Rs 148.95, down 0.90 per cent, on the BSE. It fell 2.12 per cent to touch intraday low of Rs 149.40.
Copyright © 2015 Times Internet Limited. All rights reserved.
No comments:
Post a Comment