Announced Fri, 3 Jul · 17:36 IST
Clarification on Digital Edge Palava land deal news - routine activity
Business Updates View source PDF
LODHA · 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
+3.9%1-day move
₹1060.20
prior close
₹1063.95
base price
After-mkt
timing
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AI summary
Lodha Developers clarified to stock exchanges that the Economic Times news about Digital Edge buying 30 acres in Palava for a second data centre is a routine real estate transaction. The company stated that land purchase, tie-ups and development are regular business activities as it operates in real estate. No financial details or deal value were disclosed in the clarification.
Likely market impact
Routine clarification. No material impact on financials disclosed. Neutral for shareholders.