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

Sensex, Nifty end at record closing highs; bank shares rally

The 30-share Sensex surged 267 points to end at 28,335 and the 50-share Nifty gained 75 points to close at 8,477.

Indices end at record closing high; Nifty eyes 8,500

The Sensex and the Nifty hit all time high of 28,361 mark and 8,490 levels, respectively

Essar Oil extends fall as Sebi revamps delisting norms

The stock slipped below its floor price of Rs 108.18 fixed for the proposed delisting offer.

ICICI Bank fixes record date for stock split; stock hits new high

The bank has fixed December 5 as the record date for its proposed stock split.

Titagarh Wagons, Texmaco Rail gain on orders win report

Titagarh Wagons surged 6% to Rs 317, while Texmaco Rail & Engineers up 3% at Rs 120 on BSE.

Back to Top