DLF seeks Sebi nod to redeem Rs 1600 cr from MF investments

Mumbai:  Real estate giant DLF today sought Sebi’s approval to redeem Rs 1,600 crore from its mutual fund investments as it is facing a three-year ban by the market regulator from accessing the capital market. The Delhi-based developer has made the request through an affidavit submitted to the Securities Appellate Tribunal (SAT), which is hearing DLF’s appeal against the ban imposed by the watchdog.