DLF shares maintained a flat trajectory on November 28, despite the recent search conducted by the Enforcement Directorate (ED) at the Gurugram premises of the realty giant. Closing at Rs 630.75 on November 25, the stock experienced a marginal 1 percent dip from the opening.
In a regulatory disclosure, DLF reported that the ED carried out a search on November 25 as part of a money laundering investigation focused on real estate firm Supertech and its promoters. DLF stated, “The company extended full cooperation by providing them all relevant documents in this regard. We would like to re-iterate that the transactions were conducted in the ordinary course of business.”
Officials from the ED sought details of transactions related to the ongoing probe during the search. While the ED reportedly recovered some documents in the process, it clarified that the action is specifically linked to the investigation against Supertech.
As of 12:21 pm, DLF shares were trading with a marginal 0.079% decrease at ₹628.85, signaling a measured market response to the recent developments.