Press Esc to close
Friday 21 July 2017
News updated at 9:44 AM IST

DLF stock plunges over 7%; market value dips Rs 3,000 cr

Mumbai, Oct 8, 2012, (PTI): 20:16 IST
Shares of DLF today tumbled by over 7 per cent, eroding nearly Rs 3,000 crore from its market value, amid allegations of the company providing undue favours in its transactions with Robert Vadra -- although the charges have been vehemently denied by both the parties.

The stock ended 7.24 per cent down at Rs 224.25 on the BSE.

At the National Stock Exchange, the scrip settled at Rs 223.85, down 7.46 per cent.
In the process, the company's market capitalisation (m-cap) declined Rs 2,969 crore to Rs 38,090 crore.

DLF had on Saturday rejected the allegations that it had given unsecured loans to Robert Vadra as a 'quid pro quo' for favours and said it had transparent dealing with him as an individual entrepreneur.

On Friday last week, civil society activists Arvind Kejriwal and Prashant Bhushan had alleged that Vadra bought property worth crores of rupees between 2007 and 2010 with an "unsecured interest free loan" of Rs 65 crore given by DLF.

DLF, however, said that it had given Rs 65 crore as "business advances" out of which Rs 15 crore was fully refunded and Rs 50 crore was used for purchase of land.

Yesterday, Vadra also denied the allegations, terming them as defamatory and aimed at gaining cheap publicity.

Go to Top

Photo Gallery
BJP supporters celebrate the early lead of NDA presidential nominee Ram Nath Kovind in Patna on...

BJP supporters celebrate the early lead of NDA presidential nominee Ram Nath Kovind in Patna on...

Tamil farmers hit their heads with footwears during their protest for loan waiver and...

Tamil farmers hit their heads with footwears during their protest for loan waiver and...

Destitute and elderly survivors of Bhopal Gas Tragedy protest in front of the state assembly...

Destitute and elderly survivors of Bhopal Gas Tragedy protest in front of the state assembly...

Members of Human Rights Defence shout slogans against the Karnataka government over the transfer...

Members of Human Rights Defence shout slogans against the Karnataka government over the transfer...

People protest during the 'Shimla Bandh' and demand justice for teenage school girl who was raped...

People protest during the 'Shimla Bandh' and demand justice for teenage school girl who was raped...

Britain's Foreign Secretary Boris Johnson shakes hands with a humanoid robot Wabian2 at Research...

Britain's Foreign Secretary Boris Johnson shakes hands with a humanoid robot Wabian2 at Research...

Fire fighters try to break the glasses of an office building which caught fire in Kolkata on...

Fire fighters try to break the glasses of an office building which caught fire in Kolkata on...

An artisan works inside a workshop making idols of Hindu elephant god Ganesh, the deity of...

An artisan works inside a workshop making idols of Hindu elephant god Ganesh, the deity of...

A Kanwaria or devotee of Hindu god Shiva shelters from the rain in front of a poster of Lord...

A Kanwaria or devotee of Hindu god Shiva shelters from the rain in front of a poster of Lord...

Vijay, the famous White Tiger of Delhi zoo, at its enclosure in New Delhi on Thursday. The zoo...

Vijay, the famous White Tiger of Delhi zoo, at its enclosure in New Delhi on Thursday. The zoo...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.