Business Standard

DLF slides further after fresh allegations from Kejriwal

Arvind Kejriwal accused the Congress-led Haryana government of favouring realty major DLF for SEZ development

Related News

DLF has dipped over 4% to Rs 214 on the National Stock Exchange after a fresh allegation from activist-turned-politician accusing the Congress-led government of favouring realty major.

“Kejriwal demanded an explanation on five points -- land released in favour of companies by Haryana government belonging to panchayat, government and HSIIDC, increased FAR and change in land use permissions granted to DLF companies,” the report suggests.

However, in a clarification, the real-estate firm said that “With reference to the 30 acres of SEZ development by DLF on land purchased from East India Hotels, the order of the Hon’ble High Court of Punjab & Haryana has been stayed by the Hon’ble Supreme Court of India vide its orders dated 20th June 2011 and 26th September 2011.  The matter is sub-judice and is awaiting hearing.”

The stock has lost 12% from Rs 242 since Friday after Kejriwal accused DLF of favouring Robert Vadra, son-in-law of Congress chief and the UPA Chairperson Sonia Gandhi, with easy loans for some undue gains

The stock opened at Rs 220 and has seen a combined 5.09 million shares changing hands on the counter so far on both the exchanges.

 

Read more on:   
|
|

Read More

Mallya cashes in on UB Holding share rally

Even in bad times, Vijay Mallya has managed to make a neat cash pile for himself by selling a part of his in United Breweries Holding Ltd (UBHL), ...

Quick Links

 

Market News

Today's picks- 16 September 2014

Nifty, Bank Nifty, Lupin, Jindal Steep & Power & Coal India

Hunt the REIT killers with new bazooka

I saw the huge billboard as I was driving into the city from the airport last Friday. I am not certain if I noticed it on the way out. The ...

Sebi renews MCX-SX licence with riders

As of June networth of the exchange stood at Rs 121 cr

Sebi issues clarity on position limits for MFs in IRF

Schemes of mutual funds can also have position limits as applicable to the clients currently

Weaker currency, patent expiration boost for healthcare firms

On Sept. 15, BSE Healthcare was one of the two index gainers

Back to Top