Mumbai: Shares of DLF fell by over 3 percent, extending its downtrend for the second straight session Thursday, following the direction of the Supreme Court to deposit Rs 630 crore fine slapped on it by the Competition Commission of India (CCI).
Shares of the country's largest realty firm were down 2.95 percent to Rs 177.65 on the BSE. In intra-day, it lost 3.57 percent to Rs 176.50.
At the NSE, the stock fell by 3.20 percent to close the day at Rs 177.05.
In the previous session also, the stock had lost 4.5 percent.
The apex court yesterday said the total amount should be deposited within three months with its registry pending the outcome of the appeal filed by DLF against May 19 order of Competition Appellate Tribunal (COMPAT) that had upheld the penalty of Rs 630 crore imposed by the CCI.
The Competition Commission of India (CCI) had slapped the fine on DLF in August 2011 for allegedly resorting to unfair business practices.
DLF yesterday stated it will comply with the direction of the Supreme Court to deposit the Rs 630 crore penalty imposed by the competition watchdog CCI and said it remained confident about the merits of its case.
