Mumbai, 3 September (Kiran News) — Shares of Arkade Developers gained on the BSE today after the company announced it has signed a Memorandum of Understanding (MoU) to acquire 100% shareholding of Woollen and Textile Industries. The stock traded at Rs. 178.20, up by 2.25 points or 1.28% from its previous close of Rs. 175.95.
The scrip opened at Rs. 175.50 and touched an intraday high of Rs. 180.80 and a low of Rs. 175.50. A total of 50,811 shares were traded during the session. The company’s current market capitalisation stands at Rs. 3,332.66 crore. Over the past 52 weeks, the stock has touched a high of Rs. 213.30 (on 18 July 2025) and a low of Rs. 128.30 (on 21 November 2024). For the last week, the share price ranged between Rs. 178.25 and Rs. 172.30.
As per the shareholding pattern, promoters hold 71.09% in the company, while institutional and non-institutional investors hold 1.27% and 27.64% respectively.
With this MoU, Arkade Developers will acquire a land parcel measuring 14,363.60 sq. mtrs. in Bhandup (West), marking its second acquisition in the area. The total deal value is Rs. 148 crore.
Arkade Developers continues to expand its footprint across the central corridor of the Mumbai Metropolitan Region (MMR) with landmark projects such as Arkade Earth in Kanjurmarg (4 acres), Arkade Nest in Mulund (2 acres), and Arkade Rare in Bhandup (3 acres). The company also recently entered the Thane market with a 6.28-acre land acquisition. Staying true to its ‘Family-First’ philosophy, Arkade remains committed to building thoughtful, future-ready communities that elevate the region’s skyline.
Arkade Developers is primarily engaged in real estate development, with operations covering all aspects of the sector—from land identification and acquisition to planning, execution, construction, and marketing of both commercial and residential projects.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
