Announced Thu, 25 Jun · 13:44 IST
MoU for 25-acre township project in Mathura with 50:50 revenue share
NIMBSPROJ · 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
₹207.95
prior close
₹209.99
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-3.8-4.3-2.9-1.4-2.9-3.3-3.8-6.9——
Up moveDown movePending
AI summary
Nimbus Projects signed an MoU on June 24, 2026 to develop a 25-acre residential township at Neemgaon, Mathura, UP. The project follows a 50:50 revenue sharing model with land owners Kaamag Pvt Ltd, Maayin's Real Estate Pvt Ltd, and Mr. Sooraj Kumar. Nimbus will pay Rs 20 crore upfront and Rs 10 crore as refundable security deposit on JDA execution. Definitive documents including the JDA are yet to be executed.
Likely market impact
Expansion into real estate development with Rs 30 crore committed. Could boost future revenue but execution risk remains until JDA is signed.