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Markets » News » News
Reuters  |  MUMBAI   October 11, 2012 Last Updated at 10:30 IST

UBS expects 'no material impact' on DLF from Kejriwal accusations

DLF-ARVIND-KEJRIWAL-ROBERT-VADRA-HARYANA:UBS expects 'no material impact' on DLF from Kejriwal accusations

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UBS said it expects limited impact on DLF's business following recent accusations by anti-corruption activist Arvind Kejriwal of improper dealings with Robert Vadra, son-in-law of ruling Congress party chief Sonia Gandhi, and the Haryana government.

"With the stock down 11 percent on the back of this news flow, and our expectation of no material impact on DLF's business - we believe concerns are largely priced in," UBS said in a note dated on Wednesday.

DLF has denied accusations of improper dealings.

UBS maintained a 'buy' rating on the company.

 

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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), ...

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