Persistent selling in DLF continues on Vadra deals

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 Persistent selling in DLF continues on Vadra deals
India's largest real estate company, DLF continued to witness selling pressure for the second day in a row, following allegations of favours extended by the company to Sonia Gandhi's Son-in-law Robert Vadra.

The stock was down 1.38% after crashing more than 6% on Monday, despite a firm market trend on Tuesday.

It maybe recalled that India Against Corruption (IAC) anti-graft crusaders Arvind Kejriwal and Prashant Bhushan alleged that K P Singh-led DLF Ltd extended undue favours to Sonia Gandhi's son-in-law, Priyanka Gandhi's husband Robert Vadra.

At a press conference held late last week , Kejriwal and Bhushan alleged that Vadra had bought property worth crores of rupees between 2007 and 2010 with an "unsecured interest free loan" of Rs 65 crore given by DLF.

They claimed that Vadra had secured the loan from DLF to companies floated by him and his mother with a seed capital of just Rs 50 lakh.

Markets pounded the shares on transparency and impropriety concerns.

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