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

Read more on:    Dlf | Haryana | Arvind Kejriwal
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

Markets firm; Consumer Durables gain; Titan up 6%

The Sensex is up 113 points at 26,428 and the Nifty has gained 36 points to trade at 7,911.

FinMin proposes to empower FMC to regulate brokers

Experts see it as a step towards making FMC independent

We're going to see more of medium-term products offered to clients: Suresh Soni

Interview with MD, Deutsche MF

Diversification, new launches to give a boost to Emami's growth

Entry into new and high-growth categories will also help diversify from a seasonal portfolio

Now, call goes out for a Jain stock index

On the lines of Shariah-compliant products, intermediaries ask exchanges to consider investment benchmark

Back to Top