News for DLF Limited (DLF.BO)

The Nifty Realty index closed 2.8 per cent down at 859.35.

The Nifty Realty index closed 1.41 per cent down at 884.15.

Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.

The Nifty Realty index was trading 1.32 per cent down at 884.9.

The Nifty Realty index was trading 0.88 per cent up at 892.75.

The Enforcement Directorate (ED) is poised to investigate Gensol Engineering Ltd's promoters for alleged fund diversion and financial misconduct, following a SEBI report detailing violations and misuse of loan funds. The ED has also frozen additional shares linked to the Mahadev betting app scam, tracing them to a Dubai-based hawala operator.

In BluSmart downfall, former BSE chairman said the first one was the pricing of the share and the other was “diversion of funds”.

In a dramatic turn of events, regulator Sebi, through its interim order on Tuesday, barred the Jaggi brothers from accessing the securities markets until further notice. The action comes amid accusations of siphoning off loan funds from their publicly listed company Gensol Engineering for personal use, raising concerns over corporate governance and financial misconduct.

The Nifty Realty index closed 0.51 per cent up at 845.1.

The Nifty Realty index was trading 0.02 per cent down at 840.65.

SEBI uncovers fund diversion by Gensol's promoters, revealing misuse of loans for personal expenses and luxury investments.

The commercial office SEZ—Kolkata Tech Park 2—is located in suburban Kolkata’s Rajarhat area and has gross leasable area of 1.1 million sq. ft.

Gensol Engineering's promoters treated the listed company as a proprietary firm, diverting corporate funds to buy a high-end apartment in The Camellias, DLF Gurgaon, splurging on a luxury golf set, paying off credit cards, and transferring money to close relatives, Sebi revealed in its interim order.

DLF Ltd. on Wednesday announced that it has entered into an agreement with the Srijan Group and its subsidiaries to sell its IT-ITeS SEZ project in Kolkata for about Rs 693 crore.

Anmol Singh Jaggi and Puneet Singh Jaggi, directors of Gensol, have been accused of securities fraud and forgery by Sebi, India’s market regulator. How did the Jaggi brothers, sons of a decorated army officer, go from being celebrated entrepreneurs to being accused of siphoning off money?

The Nifty Realty index closed 0.72 per cent up at 840.8.

Gensol Engineering shares have crashed 91% from their peak, trapping over 90 lakh retail investors. SEBIs interim order barred the company and its promoters from market access, citing fund diversion and corporate misgovernance. Investigations revealed misuse of EV loans for luxury real estate and personal expenses. SEBI has also suspended Gensols proposed stock split and ordered a forensic audit.

Brothers Anmol and Puneet Jaggi, once celebrated figures in India's renewable energy sector with Gensol Engineering and BluSmart Mobility, are now under scrutiny. SEBI has barred them from the securities market, alleging fund misappropriation from Gensol for personal use.

SEBI’s interim order on Gensol Engineering has revealed BluSmart co-founder Anmol Singh Jaggi’s lavish lifestyle expenditures — from multi-crore DLF Camellias apartment, to possession of ₹1.86 crore in dirhams, ₹26 lakh spent on golf gear, and spa sessions worth lakhs.