India: Supreme Court declines Sebi's plea to hold DLF subsidiary stake sale

India: Supreme Court declines Sebi's plea to hold DLF subsidiary stake sale

Sebi last year found DLF and six of its executives guilty of fraud and concealing material information during its public issue in 2007, in which the company raised Rs9,187.5 crore. Photo: Priyanka Parashar/Mint

The Supreme Court on Wednesday declined to stay the stake sale of three subsidiaries of real estate firm DLF Ltd at this stage.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter