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DLF falls after report says Delhi High Court dismisses plea

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Shares in DLF Ltd fell 2.4 per cent, slightly extending losses after a private news channel reported that the Delhi High Court has dismissed the property company's challenge against a probe being undertaken by markets regulator SEBI.

The TV station cited legal sources and did not give details of which probe by Securities and Exchange Board of India was being challenged by DLF.

DLF was not ready to comment immediately as they were yet to receive the court order, a spokesman said. "We'll decide our next action after taking legal opinion," the spokesman added.

SEBI said in October 2012 it would investigate allegations that DLF failed to disclose a police complaint against an associate firm in a 2007 share sale document.

Copyright @ Thomson Reuters 2012

Story first published on: November 20, 2012 17:11 (IST)

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