Ashiana Housing has rallied 6% at Rs 139 after the company said that Topwell Projects Consultants, one of the wholly owned subsidiaries has acquired approximately 40 acres of land situated at Bhiwadi, district Alwar, Rajasthan.
"The land will be utilized to develop a residential colony with total saleable area of approximately 3 million sq ft. The land is currently 'Agricultural' and the company plans to receive the requisite clearances in this financial year and start development," the company said in a filing to the stock exchanges.
Meanwhile, the equity shares of the company got listed on National Stock Exchange (NSE) and admitted to dealings on the exchange with effect from today.
The stock opened at Rs 135 and touched high of Rs 151 on the NSE. A combined 149,242 shares have changed hands on the counter till 1205 hours.