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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

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