India News
Search Web Directory
News Home
DLF tumbles 20% as SC issues notice on non-disclosure of key information
Posted on 22nd August 2019
DLF shares tumbled 20 per cent to Rs 137.75 apiece, also its fresh 52-week low, in early morning trade on the BSE on Thursday after the Supreme Court (SC) issued the company a notice based on a plea that alleged the company of hiding information on pending cases regarding Haryana land-bank from its shareholders.

According to a report in Business Line, the petition highlighted how DLF had suppressed key information regarding judicial proceedings against the company's largest chunk of land-bank in Haryana. The plea alleges that DLF failed to mention key cases regarding the violation of the Haryana Land Ceiling Act, 1972, where adverse orders were passed by the Punjab and Haryana High Court against the DLF group companies and its admitted subsidiaries, and the matter is pending with the SC.

All this was omitted in the 2019 QIP (qualified institutional placement) prospectus, the petitioner has alleged.

The Bombay Stock Exchange (BSE) has sought a clarification from the company in regard to the report. The company is yet to reply.

On the other hand, DLF has issued a clarification, saying that allegations made in the petition "are not material" and "incorrect". "Will reply to the notice received," CNBC TV18 quoted the company as saying. The complain is about 5-6 acres of land by a company which is not DLF's arm, it added.

Further, BSE has also sought clarification from the company as regards the developments, DLF said in an exchange filing.
Related Companies: DLF Ltd   Bombay Stock Exchange - BSE   

Other Latest News
Google faces $5 bn lawsuit in US for illegally tracking internet usage
Posted on 3rd June 2020
Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by pervasively tracking their internet use through browsers set in private mode.

The lawsuit seeks at least $5 billion (4 billion pounds), accusing the Alphabet Inc unit of surreptitiously collecting information about what people view online and where they browse, despite their using what Google calls Incognito mode.

IndiGo CEO says flights are the safest mode of travel amid coronavirus
Posted on 3rd June 2020
The airline industry is trying to convince passengers that air travel is safe after the government eased a nationwide lockdown to contain the coronavirus and allowed businesses to resume.

Ronojoy Dutta, CEO, IndiGo said that the airbus aircraft cabin is equipped with High-Efficiency Particle Filters (HEPA) which ensures that virus does get not re-circulated.

Voda-Idea completes first phase of DSR deployment in partnership with Nokia
Posted on 3rd June 2020
Telecom gear maker Nokia and telecom operator Vodafone Idea on Wednesday announced the completion of the first phase of world's largest deployment of Dynamic Spectrum Refarming technology in the country.

The Dynamic Spectrum Refarming (DSR) technology, helps in enhancing user experience by making optimal use of network spectrum assets.

Coronavirus Outbreak: With 8,909 cases in a day, India's COVID-19 tally tops 2 lakh-mark; death toll crosses 5,800
Posted on 3rd June 2020
The total number of confirmed cases of COVID-19 infection in India crossed the 2.07 lakh-mark by Tuesday, while the death toll has reached the 5,800-mark as well. It is to be noted that India has now become the world's seventh worst-hit country in terms of coronavirus cases, according to the World Health Organisation's (WHO) COVID-19 tracker.

PM Modi, President Trump discuss situation on India-China border, US protests over phone
Posted on 3rd June 2020
Prime Minister Narendra Modi and US President Donald Trump on Tuesday held a telephonic conversation where the two leaders discussed the next G-7 Summit, the COVID-19 pandemic and the ongoing protests in the United States.

Had a warm and productive conversation with my friend President @realDonaldTrump. We discussed his plans for the US Presidency of G-7, the COVID-19 pandemic, and many other issues, Modi said in a tweet.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for DLF tumbles 20% as SC issues notice on non-disclosure of key information
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Security Code*

Be the first person to write a business review for DLF tumbles 20% as SC issues notice on non-disclosure of key information

Most Read News

Gold prices hit two-week low on optimism around reopening of economies

GDP growth in 2019-20 slows to 11-year low of 4.2%, Jan-Mar growth dips to 3.1%

NASA postpones launch of historic SpaceX mission minutes before blastoff citing thunderstorms

COVID-19 tally in India crosses 1.73 lakh-mark, nearly 5,000 deaths; highest spike of 7,964 cases in 24 hours

Maharashtra to announce Covid-19 relief package soon: Deputy CM Ajit Pawar

More India News

Photo Gallery

Tata Nano(13 Images)Tata Nano
Gopichand(10 Images) Gopichand
Kavalai Vendam(11 Images)Kavalai Vendam
Sri Divya(12 Images) Sri Divya
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
About us
Link to us
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2020
    All Rights Reserved
Privacy Statement