The Board of Directors of Marathon Nextgen Realty Ltd. at its meeting held on March 17, 2017 approved the proposed development (IT Park) Phase-III at Marathon Futurex Premises, owned by Marathon Realty Pvt.Ltd., Lower Parel, Mumbai 400013.
The approximate area under development would be around 1,11,000 sq.ft at 27th, 28th, 29th and 30 (part) floors and the cost of acquisition will be around Rs. 111 crores.
The proposed RPT is subject to approval of the members.
Shares of MARATHON NEXTGEN REALTY LTD. was last trading in BSE at Rs.261.5 as compared to the previous close of Rs. 257.4. The total number of shares traded during the day was 34805 in over 1395 trades.
The stock hit an intraday high of Rs. 268 and intraday low of 255. The net turnover during the day was Rs. 9102962.