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UBS expects 'no material impact' on DLF from activist accusations

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MUMBAI, Oct 11 (Reuters) - UBS said it expects limitedimpact on DLF Ltd's business following recentaccusations by anti-corruption activists of improper dealingswith the son-in-law of ruling Congress Party chief Sonia Gandhiand the northern state of Haryana.

"With the stock down 11 percent on the back of this newsflow, and our expectation of no material impact on DLF'sbusiness - we believe concerns are largely priced in," UBS saidin a note dated on Wednesday.

DLF has denied accusations of improper dealings. UBS maintained a 'buy' rating on the company.

(Reporting by Rafael Nam and Abhishek Vishnoi; Editing byPrateek Chatterjee)

((rafael.nam@thomsonreuters.com)(+91-22)(6180-7425)(Reuters

Messaging: rafael.nam.thomsonreuters.com@reuters.net))

Keywords: DLF RESEARCH/UBS