Arisinfra Solutions rises after unit wins $41.69 million order
Arisinfra Solutions shares rose about 3% to 139.44 rupees after its unit ArisUnitern was appointed developer-as-a-service partner for Transcon Group’s project with potential gross development value of about 4 billion rupees ($41.69 million).
44 rupees after the company said its ArisUnitern unit was appointed as developer-as-a-service partner by Mumbai-based real estate developer Transcon Group. 69 million). Under the 18-month mandate, ArisUnitern will oversee construction and handle sales, marketing, collections and lender management, while materials will be supplied through Arisinfra's platform. The company said all approvals are in place and construction and sales are due to begin immediately.
The stock is up about 7% year to date. 9500 Indian rupees)