India's Max Estates rises on $18 mln fundraise proposal

Max Estates

29/08/2024 05:20

** Shares of National Capital Region-focussed real estate
developer Max Estates  MAXS.NS  jump ~3% to 685 rupees
    ** Co's board to consider fundraise up to 1.5 bln rupees
($17.9 mln) on Aug. 31
    ** Larger rival DLF  DLF.NS  down 1% amid decline in real
estate index  .NIFTYREAL , which MAXS is not part of
    ** MAXS has risen 121% YTD vs DLF's 14% gain 
    ** Since listing in October 2023, MAXS shares are up more
than 140%

($1 = 83.9025 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))