DLF stock crashes 16% after Supreme Court issues non-disclosure notice

Realty major DLF continues to face trouble on litigation involving alleged improper acquisition of land in Gurugram (Gurgaon)

Realty major DLF continues to face trouble on litigation involving alleged improper acquisition of land in Gurugram.

The company lost Rs 6,758 crore in market capitalisation on Thursday, after a news report said the Supreme Court (SC) had issued a notice to it. DLF had to hold a conference with its investors and market analysts to allay worries. The Securities and Exchange Board of India (Sebi) also sought a clarification from the company. 

The SC had issued the notice on July 22. Quashing all allegations levelled against it, DLF informed Sebi that it would be responding to the SC in due course. 

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