DLF has dipped over 4% to Rs 214 on the National Stock Exchange after a fresh allegation from activist-turned-politician Arvind Kejriwal accusing the Congress-led Haryana government of favouring realty major.
“Kejriwal demanded an explanation on five points -- land released in favour of DLF 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.