India's Arkade Developers rises after securing redevelopment rights

Arkade Developers

08/04/2025 08:11

** Shares of Arkade Developers ARKD.NS rise as much as 4.9% to 152.50 rupees amid broader market rebound

** Stock had dropped 11.7% in the last two sessions tracking broader market sell-off triggered by Trump tariffs

** Real estate developer secures cluster redevelopment rights in Mumbai with an estimated gross development value of 8.65 billion rupees ($100.7 million)

** Since listing in September last year, stock has fallen 13.6%

($1 = 85.9225 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

((ashish.chandra@thomsonreuters.com (+91 7982114624)))