Lodha Developers Clarifies Real Estate Land Purchase Reported in Media
Lodha Developers Limited has issued a statement regarding a news article published by The Economic Times, concerning a land acquisition transaction involving the company.The clarification addresses the report detailing that "Digital Edge" purchased 30 acres in Palava from Lodha Developers for its second data centre.
In response to the media coverage, the company stated that as a real estate business, land purchase and tie-ups are routine aspects of their operations. The transaction referred to in the news item falls within the scope of such typical activities for Lodha Developers Limited.
LODHA Stock Price Movement
On Friday, Lodha Developers Limited shares surged to close at ₹1061.1, gaining 5.46% on a strong trading session. The stock traded within a narrow intraday range, hitting a high of ₹1062 and maintaining a floor around the previous day's levels as 7.86 million shares changed hands.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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