DLF falls over 20 percent after SEBI ban

DLF and its six top executives, including chairman KP Singh, have been barred by Sebi from securities market for three year

MUMBAI: India's largest listed property developer DLF Ltd slumped more than 20 percent on Tuesday, after market regulator SEBI 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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