India's Emami Realty jumps on launch of $100 mln residential project
02/12/2024 05:56
** Emami Realty's shares EMMI.NS rise an exchange-allowed
maximum of 5% to 111.73 rupees apiece
** The real estate arm of the Emami group launches its
residential project Emami Aamod in Kolkata, West Bengal
** EMMI expects revenue of about 8.5 bln rupees ($100.4 mln)
** Stock has gained 19% in four sessions since EMMI
announced its investment plan, project pipeline
** EMMI shares up 2.3% in 2024 so far
($1 = 84.7030 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))