Ten X Realty signs agreement of redevelopment of residential project in Mumbai

Ten X Realty Limited, the step-down wholly owned subsidiary of Raymond Limited, has today signed a binding term sheet for joint redevelopment of residential project in the western suburban district of Mumbai. The project is estimated to have, in aggregate, revenue potential of around Rs.2,000 crore* over a period of next 5 years. This is in line with the Company's growth plan to expand its Realty horizons beyond Thane.

Shares of Raymond Limited was last trading in BSE at Rs. 735.30 as compared to the previous close of Rs. 782.00. The total number of shares traded during the day was 93395 in over 5371 trades.

The stock hit an intraday high of Rs. 789.90 and intraday low of 729.45. The net turnover during the day was Rs. 70841630.00.

Source : Equity Bulls

Keywords

Raymond INE301A01014 TenXRealty TermSheet Redevelopment ResidentialProject Mumbai