The Securities and Exchange Board of India had proposed a three-year ban on the company
New Delhi: A tribunal has ruled in favour of property developer DLF Ltd, reducing a ban from accessing capital markets imposed by the markets regulator last year. The Securities and Exchange Board of India had proposed a three-year ban on the company for withholding information at the time of its public listing in 2007.
DLF had appealed to the Securities Appelate Tribunal, which the company said in televised comments on Friday had now reduced the ban to six months
( Source : reuters )
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