News

DLF shares dips following SEBIs ban on fund raising

by IBNS 14 Oct 2014, 10:37 am

Mumbai, Oct 14 (IBNS): Realty major DLFs shares fell 26 percent on the National Stock Exchange (NSE) on Tuesday, media reports said.

It happened a day after market regulator Securities and Exchange Board of India (SEBI) barred the company and six of its top executives from tapping the capital markets for three years.

Following the development, DLF shares led to Rs. 6,000 crore-loss in the company’s market value.

DLF has about 26 million square feet of leased assets across the country.

Sources said the company will also be barred from listing a Real Estate Investment Trust (REIT) as SEBI had finalised its rules for REITs last month, reports said.