DLF falls 2.4% after court dismisses plea against Sebi

Shares in DLF  fell 2.4 percent, slightly extending losses after CNBC-TV18 reported the Delhi High Court has dismissed the property company's challenge against a probe being undertaken by markets regulator SEBI.

The TV station cited legal sources and did not give details of which probe by Securities and Exchange Board of India was being challenged by DLF.

DLF was not ready to comment immediately as they were yet to receive the court order, a spokesman said.

"We'll decide our next action after taking legal opinion," the spokesman said.

India's capital markets regulator said in October 2012 it would investigate allegations DLF failed to disclose a police complaint against an associate firm in a 2007 share sale document.

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