Mumbai: The Securities and Exchange Board of India (Sebi) Monday barred real estate giant DLF and six of its executives, including chairman K.P. Singh, from participating in capital markets for three years for acting to "mislead" investors on the company's public offer.

"I find that the case of active and deliberate suppression of any material information so as to mislead and defraud the investors in the securities market in connection with the issue of shares of DLF in its IPO is clearly made out in this case," SEBI Member Rajeev Agarwal said in his Oct 10 order published Monday.