No immediate relief for DLF on MF redemptions
Posted on 31st October 2014 |
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The Securities Appellate Tribunal on Thursday asked DLF to file an affidavit by November 3, explaining why it wants to redeem investments in mutual funds and how much money it is planning to draw. The real estate giant has investments worth Rs 2,500 crore in mutual funds. It has appealed to the Securities Appellate Tribunal (SAT) against a order of Securities and Exchange Board of India (Sebi) banning it from accessing the capital market for three years. |
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Markets edge higher led by IT shares; Infosys up 2%
Posted on 30th October 2014 |
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Markets edged higher after the first hour of trade led by IT exporters after the US Federal Reserve Bank at its two-day meet which ended Wednesday remained confident that the economy is on a growth track At 10:35AM, the 30-share Sensex was up 57 points at 27,155 and the 50-share Nifty was up 21 points at 8,111. |
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DLF slumps as Haryana govt to investigate land deals
Posted on 27th October 2014 |
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Shares of DLF slumped nearly 6% to Rs 112 on reports that the new Haryana government will investigate into the land deals between the company and Congress president's son-in-law, Robert Vadra entered into during the regime of the previous Congress government. It may be recalled that the Bharatiya Janata Party garnered a majority in the recently held state elections and Shri Manohar Lal Khattar took oath as Haryana Chief Minister on Sunday. |
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DLF seeks interim relief from capital market ban
Posted on 22nd October 2014 |
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Hit hard by a Sebi order barring it from capital markets, realty giant DLF today appealed for an interim relief from the Securities Appellate Tribunal (SAT) to allow it to redeem thousands of crores worth funds locked in mutual funds and other securities. After hearing the petition, filed by the country's largest real estate developer last week, the Tribunal adjourned the matter till October 30 next week, as it sought a response from capital markets regulator Sebi on DLF's plea. |
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DLF shares hit all-time low before recovering
Posted on 17th October 2014 |
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Following the Securities and Exchange Board of India (Sebi) barring DLF’s promoters from capital markets, the company stock fell to its all-time low on Thursday. Subsequently, the shares gained, as traders recovered short positions. On Thursday, the stock closed at Rs 110.35 on the BSE, up 5.2 per cent, after falling to Rs 100.1 in intra-day trade, down 4.6 per cent from its previous close. The BSE Sensex and the National Stock Exchange Nifty benchmarks closed down 1.3 per cent and 1.5 per cent, respectively. |
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Sebi order to hit DLF's debt reduction plans
Posted on 17th October 2014 |
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Real estate major DLF's wait to cut its debt could get longer because of the recent order by the Securities and Exchange Board of India (Sebi) banning the former from capital markets for three years. Early last year, DLF had said it would reduce debt, which at that time stood at Rs 21,000 crore, to Rs 10,000-11,000 crore. In May this year, the company said its plans to cut debt would be delayed by two years, owing to subdued market conditions. |
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Sebi order cuts DLF's options
Posted on 16th October 2014 |
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Days after the Securities and Exchange Board of India, or Sebi, banned six executives of DLF, including Chairman KP Singh, from accessing the capital market for three years for withholding information from investors when the company went public in 2007, the industry is abuzz with talk that the realty giant is planning to sell assets, including projects under construction, to reduce debt. Those in the know say the inventory could be sold at a discount to generate quick cash to boost inflows. |
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DLF tries to rally from latest blow; observers speculate on extent
Posted on 15th October 2014 |
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The Securities and Exchange Board of India’s (Sebi’s) order to bar property giant DLF and six of its top executives from market trading for three years could prove a big dampener for its business. Experts say the market leader was already witnessing low sales in the residential segment compared to other developers. Sales were 25 per cent down in the April-June quarter at Rs 1,725 crore, against Rs 2,314 crore in the same quarter last year. |
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Sebi to refer DLF lapses to ministry, I-T department
Posted on 15th October 2014 |
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In what could spell more trouble for DLF, the Securities and Exchange Board of India (Sebi) is planning to write to other regulatory bodies about the lapses at the real estate firm. According to sources familiar with the development, Sebi has decided to make references to the Ministry of Corporate Affairs (MCA) and the Department of Revenue, citing violations of the Acts these bodies govern. The market regulator came across these violations while investigating the DLF case between December 2012 and May 2013. |
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DLF, L&T, ITC in Goldman Sachs' 'conviction' list
Posted on 9th September 2014 |
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Realty major DLF, engineering behemoth Larsen and Toubro (L&T) and FMCG (fast moving consumer goods) giant ITC are among the eight ‘conviction ideas’ of Goldman Sachs according to a September 2014 report. Grasim Industries, IndusInd Bank, Petronet LNG, Voltas and Tech Mahindra are other stocks in this list, where the upside from closing price levels of September 4, 2014 over the next 12 months could range between 1.4 and 74.5 per cent, the report says. |
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