India's Shriram Properties up 6% on Suvilas Realities deal

Shriram Properties

28/11/2022 09:46

** Shares of Shriram Properties Ltd  SRIP.NS  rise as much
as 5.9% to 78.45 rupees, their biggest pct gain since Nov 14
    ** The real estate development firm said on Friday it bought
privately-held Suvilas Realities via its unit, Shriprop Builders
for 300 million rupees ($3.67 million)
    ** About 629,000 shares change hands by 0945 GMT vs 30-day
avg of 2,88,659 shares
    ** Stock down 13.9% so far this year, as of last close
($1 = 81.6810 Indian rupees)
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))