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Code: 503015
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Modern India hits roof on sale of land near Mumbai

SI Reporter / Mumbai 27 Oct 10 | 10:05 AM

Modern India is frozen at the 20% upper circuit filter, at Rs 120, after its wholly owned subsidiary, Modern India Property Developers Ltd (WOS) entered into an MoU for the sale of its land situated at Khopoli near Mumbai subject to certain conditions and the consent of WOS shareholders.

The stock of Modern India opened at Rs 101.50 and froze at the maximum upper limit of the day after a few hours of trading. Around 7,272 shares have changed hands on the counter so far and there are pending orders for 3,390 shares on the BSE.

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