India's Arkade Developers gains after buying Thane land for project

Arkade Developers

16/06/2025 08:15

** Shares of Arkade Developers ARKD.NS rise 2.9% to 196.81 rupees

** Co's buys 6.28-acre freehold land parcel at Thane in Maharashtra for 1.72 bln rupees ($19.98 mln)

** Targets 20 bln rupees gross development value of project to be developed on this land; project launch slated for early 2026

** ARKD up ~13% YTD

($1 = 86.0820 Indian rupees)

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))