Q:have you heard this news that the Securities and Exchange Board of India (SEBI) has interrupted real estate firm DLF and five key executives from approaching the securities market for a three years.
Latest Answer: True Nikhil,
Now, i understand that why DLF adopt DevCo. The company had a net debt of Rs 20965 crore as on March 31, 2015 of which about Rs 14000 crore refered to rental business and the rest was towards DevCo.