India's Shriram Properties jumps on project development deal

Shriram Properties

27/10/2025 09:56

** Shares of Shriram Properties SRIP.NS rise as much as 6% to 93.25 rupees, hitting their highest in nearly three weeks

** Real estate firm signs a joint development agreement for a 7 acres land parcel in India's Bengaluru

** Estimated gross development value potential for project at 6 billion rupees ($68 million)

** More than 2 mln shares traded, nearly 3-times their 30-day avg

** Stock last up 2%, trimming YTD losses to 16%

($1 = 87.8950 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))