Arvind Smartspaces stock rises 13% after Godrej's share purchase
pre-market1 source ↓written by the desknot a recommendation
- on 10 Mar
- 13%
- at an average
- 8.2 lakh shares
- each
- ₹498
- totaling
- ₹41 cr
- of the company's
- 1.7%
Shares of Arvind Smartspaces Ltd. surged 13% on 10 Mar 2023 after Pirojsha Adi Godrej acquired 8.2 lakh shares at an average price of ₹498 each via a block deal, totaling ₹41 cr. This purchase represents 1.7% of the company's outstanding shares, previously held by HDFC Capital Affordable Real Estate Fund-1.
This significant transaction may enhance investor confidence in Arvind Smartspaces, particularly as the company anticipates improved booking momentum with upcoming project launches in Q4.
Not investment advice. For informational purposes only.