All rights reserved. For reprint rights: Times Syndication Service. Personal Finance News. Market Watch. Pinterest Reddit. DLF shares fell 5.
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All rights reserved. For reprint rights: Times Syndication Service. Personal Finance News. Market Watch. Pinterest Reddit. DLF shares fell 5. In , DLF Assets had 6. DLF says report mischievous In response to an email query, a DLF spokesperson said the firm did not comment on individual research reports. The company adheres to the highest standards of corporate governance and financial integrity and the audited financials of the company are always in the public domain," said the DLF spokesperson.
DLF is the fourth Indian company to have come under attack from Veritas, whose critical reports on the Ambani brothers - released in July - and on Kingfisher were widely followed by the media and financial markets. The firm questioned the corporate governance and accounting practices at RIL and Reliance Communications, while raising concerns over Kingfisher's sustainability.
Veritas has also attacked DLF's "aggressive and conflicting accounting policies and inability to deliver on promises". They think DLF will seek assistance from financial institutions to restructure its loans citing lack of free cash flow and the absence of a credible plan to lower debt.
Read more on Kingfisher Airlines. Reliance communications. Reliance Industries. DLF Ltd. Veritas Investment Research. Add Your Comments. Follow us on. Download et app. Become a member. To see your saved stories, click on link hightlighted in bold. Fill in your details: Will be displayed Will not be displayed Will be displayed. Share this Comment: Post to Twitter.
After Kingfisher, Veritas demolishes DLF
Post a Comment. What transpired in the interim? Claims made by management about its ability to execute were fanciful. Management also garnered some national awards subsequently, thereby cementing its position in the annals of Indian business stalwarts.
Veritas hammers DLF, doubts realtor's accounts; says stock worth just Rs 100
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In its report on DLF titled 'crumbling edifice', analysts Neeraj Monga and Nitin Mangal have slammed the company's accounting practices, business model and management integrity, and concluded that the stock is at best worth Rs AstraZeneca joins Serum Institute to supply 2 billion doses of Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol. At pm, DLF shares were trading at Rs Monga and Mangal have pointed to the company Moneycontrol Ready Reckoner. Download a copy. Latest Updates : Coronavirus Outbreak.
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Indiabulls started life in as a brokerage firm. A file photo of the Indiabulls office in Gurgaon. The Bombay and National stock exchanges on Nov. Indiabulls said in its first email that the allegations have ignored disclosures in the public domain made through the annual reports of FY11 and FY12, which have also been circulated to all shareholders. China Pushes for Primacy in Space. The Company has no free cash flow and no credible plan to de-lever its balance sheet. Management also garnered some national awards subsequently, thereby cementing its position in the annals of Indian business stalwarts.