India's Suraj Estate Developers rises after unit buys land in Mumbai

Suraj Estate Developers

05/12/2024 07:36

** Shares of Suraj Estate Developers  SRAE.NS  rise as much
as 4.9% to 710.70 rupees
    ** Real estate developer on Wednesday said its unit Iconic
Property Developers has acquired land in Mumbai for 1.01 bln
rupees ($11.9 mln)
    ** Adds, land to be used for development of a commercial
building with an expected gross development value of about 5.25
bln rupees
    ** More than 143,000 shares change hands, 1.9x of 30-day avg
    ** Since listing on Dec. 26, 2023, stock has jumped 105%




($1 = 84.7275 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))