DLF tanks 4% on links with Vadra

The shares of the DLF Ltd tanked on Monday on reported links with Robert Vadra as alleged by Arvind Kejriwal.

The shares of the company fell by 4.03% at Rs 232 on BSE at 9.30 am IST. It touched intra-day low of Rs 229.

As per allegation by Arvind Kejriwal that Robert Vadra, son-in-law of Congress President Sonia Gandhi, had in last four years amassed 31 properties, worth hundreds of crores of rupees even at the time of purchase, from DLF, at a dirt cheap rate.

As per reports, DLF gave an unsecured and interest-free loan worth Rs 65 crore to companies owned by Robert Vadra.

DLF, in its statement, said, "Our business relations with Robert Vadra are completely transparent. The relationship was conducted to the highest standard of ethics."

While Robert Vadra also denied allegation stating that the allegations were "utterly false, entirely baseless and defamatory".

GoodReturns.in