Announced Thu, 13 Aug · 15:23 IST
Step-down subsidiary signs MOU for Rs 1,600 Cr SRA project in Borivali
Price
▲ 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
+3.8%1-day move
₹903.00
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.8+0.4-0.3-4.8+0.2—————
Up moveDown movePending
AI summary
B-Right Realestate's step-down subsidiary B-Right Bombay Highlines Developers has signed an MOU for development of the Bhagat Singh Nagar Slum Rehabilitation Authority (SRA) project in Borivali, Mumbai. The 10,008 sq. mtr. site is expected to yield around 5 lakh sq. ft. of total saleable area, with an estimated Gross Development Value of Rs. 1,600 crores.
Likely market impact
Adds significant future revenue potential via step-down subsidiary. Positive for long-term growth, though SRA project execution and approval timelines carry inherent risk.