DLF slumps as Haryana govt to investigate land deals

The BJP-led government will conduct a probe into the land deals between the company and Congress president's son-in-law, Robert Vadra

 

Shares of DLF slumped nearly 6% to Rs 112 on reports that the new BJP-led Haryana government will investigate into the land deals between the company and Congress president's son-in-law, Robert Vadra entered into during the regime of the previous Congress government.

The Bharatiya Janata Party garnered a majority in the recently held state elections and Manohar Lal Khattar took oath as Haryana Chief Minister on Sunday.


"We would hold a probe into acquisition of 70,000 acres during the 10-year regime of Bhupinder Singh Hooda government. We would inquire whether the land was used for the purpose it was acquired. It would be probed if there was any violation in acquisition to benefit any individual," Times of India reported quoting senior cabinet minister Anil Vij.

The stock opened at Rs 118 and touched a low of Rs 111.  Over 6 million shares were traded on both the stock exchanges till 10:19AM.