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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

Reuters  |  MUMBAI  

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

"With the stock down 11 percent on the back of this 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.

has denied accusations of improper dealings.

UBS maintained a 'buy' rating on the company.

 

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