Shares in DLF Ltd(DLF.NS) fell 2.4 percent, slightly extending losses after news channel 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.
SEBI 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.
India to receive normal rains, not surplus, as La Nina chances fade
MUMBAI/NEW DELHI India will receive normal rainfall over the 2016 monsoon season, not surplus as previously expected, with the chances of a La Nina weather pattern emerging over the period seen as unlikely, three senior officials at state-run weather department said.
Piramal to partner Bain Capital for distressed-debt investment
MUMBAI Piramal Enterprises Ltd said it would partner Bain Capital to invest in distressed assets, becoming the latest entrant in the space as the nation's banks are on a drive to clean up $120 billion of sour debt.
China takes aggressive steps to fend off banking, financial risks
BEIJING/SHANGHAI China took aggressive steps on Wednesday to head off signs of growing risks in its financial and banking system, unveiling detailed rules to curb an unruly peer-to-peer (P2P) lending sector and intervening in its money markets.