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Responding to the SEBI ban on trading in securities, DLF said the order is being reviewed by its legal advisors.
In a filing to the stock exchanges, DLF said its board wishes to reassure its investors and all other stakeholders that “it has not acted in contravention of law either during its initial public offer or otherwise. DLF and its board were guided by and acted on the advice of eminent legal advisors, merchant bankers and audit firms while formulating its offer documents. DLF will defend itself to the fullest extent against any adverse findings and measures contained in the SEBI order. DLF has full faith in the judicial process and is confident of vindication of its stand in the near future."
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