Announced Wed, 24 Jun · 22:14 IST
Legal counsel appointed for proposed 2,000 Crore real estate project
Business Updates View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+5.2%1-day move
₹8.32
prior close
₹9.13
base price
After-mkt
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+0.0+0.0+0.0+0.0+5.2+2.2+7.3+9.0+14.4+26.0+16.6+27.4——
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AI summary
Alfavision Overseas has appointed Wadia Ghandy & Co. as legal counsel for a proposed integrated real estate, hospitality and leisure development project with Della Resorts on about 220 acres in Sehore, Madhya Pradesh, with an estimated Gross Development Value of over INR 2,000 Crores. The project follows a term sheet signed in March 2026 and remains subject to due diligence, commercial negotiations, execution of definitive agreements, and statutory approvals.
Likely market impact
Early-stage step only. No binding deal signed yet; large GDV potential but outcome uncertain until definitive agreements and approvals are completed.