Ashiana Housing Limited has informed the Exchange regarding the Acquisition of Land in Pune (Maharashtra)

Listed Co AcquisitionStrategic Transactions View source PDF

ASHIANA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+5.3%1-day move

₹307.20

prior close

₹319.50

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AI summary

Ashiana Housing Limited has acquired 28.55 acres of land at Vadgaon, Taluka Maval, District Pune, Maharashtra on an outright purchase basis. This is described as the company's largest ever land deal. The land will be used to develop a Senior Living project. The development has a saleable area of approximately 20 lakh square feet with a total sales value potential of INR 1,800 crores.

Likely market impact

This acquisition significantly expands Ashiana Housing's land bank for its Senior Living vertical and represents a major growth opportunity, with potential sales value of INR 1,800 crores indicating substantial future revenue upside for the company.