Ajmera Realty & Infra India rises 4% on acquisition by unit

Ajmera Realty & Infra India

24/04/2023 07:20

** Shares of Ajmera Realty & Infra India Ltd  AJME.NS  rise
as much as 4.2% to 315 rupees
    ** The real estate firm said its arm Shree Yogi Realcon has
acquired a land parcel worth 760 million rupees ($9.26 million)
at Vikhroli, Mumbai from Tata Communications Ltd  TATA.NS   
    ** Acquisition is intended for residential development, with
an estimated gross sales value of 5.5 billion rupees, adds co
    ** About 25,300 shares change hands by 11:40 a.m. IST vs
30-day avg of 42,527 shares
        ** Stock trading above its 50- and 100-day moving
averages
    ** AJME down ~2.5% so far this year, as of last close



($1 = 82.0600 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))