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DLF slides further after fresh allegations from Kejriwal

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

SI Reporter  |  Mumbai 

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 government belonging to panchayat, government and HSIIDC, increased FAR and change in land use permissions granted to companies,” the report suggests.

However, in a clarification, the real-estate firm said that “With reference to the 30 acres of SEZ development by on land purchased from East India Hotels, the order of the Hon’ble High Court of Punjab & 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 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.

 

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