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DLF shares down over 4% on bourses

Last Updated: Tuesday, October 16, 2012 - 19:16

Mumbai: Shares of DLF on Tuesday came under renewed selling pressure, falling over 4 percent in an overall weak stock market, where the benchmark index Sensex plunged 136 points.

Since October 5, the scrip has lost nearly 14 percent.

Even after a positive opening, shares of the company failed to sustain the momentum and finally settled 4.26 percent lower at Rs 208 on the BSE. During the day, shares of the company lost 4.85 percent at Rs 206.70.

At NSE, the scrip closed at Rs 207.70, down 4.42 percent.

Meanwhile, the controversy over alleged land deals involving Robert Vadra took a new turn with senior Haryana IAS officer Ashok Khemka cancelling the sale of over three acre land to realty major DLF.

Significantly, this was done on the last day of Khemka's posting as Director General of Land Consolidation and Land Records-cum-Inspector-General of Registration yesterday

A 1991-batch IAS officer, Khemka ordered the mutation of 3.5 acre plot of land in Manesar-Shikohpur that Vadra had sold to DLF for Rs 58 crore.

DLF shares have been under pressure since last few days amid allegations of the company providing undue favours in its transactions with Vadra. The charges have been vehemently denied by both the parties.

PTI

First Published: Tuesday, October 16, 2012 - 19:16
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