Announced Tue, 14 Jul · 17:18 IST
Board approves related party deal for residential project with JMM
Strategic Transactions View source PDF
PENINLAND · price
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Price reaction · full curve 14 horizons · vs prior close
-3.9%1-day move
₹18.87
prior close
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base price
After-mkt
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AI summary
Peninsula Land's board, on July 14, 2026, approved material Related Party Transactions with Mr. Jaydev Mukund Mody and entities related to him (referred to as JMM), subject to shareholder approval. The transaction involves end-to-end development and management by the company of a residential project to be built on property owned by JMM, on mutually agreed terms. Full details will be shared with shareholders via the upcoming AGM notice.
Likely market impact
Project development opportunity with a related party, but needs shareholder approval; pricing and fairness terms remain to be disclosed.