Epic Research

Saturday, December 8, 2012

Epic Update : Sebi

The market regulator has reportedly carried out an investigation on India’s largest real estate firm DLF Ltd, revealing that it lacked transparency as it didn’t disclose the information about its group firm Sudipti Estates, against which a criminal complaint was registered with the Delhi Police, in its offer documents released in 2007. Media reports said that DLF failed to give details about Sudipti Estates in its initial public offering (IPO) prospectus in 2007 when it raised around Rs 9,000 crore.
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