Century Textiles & Industries share jumped more than 7% in morning trade after the company acquired ownership rights for approximately 10 acres of prime land in Worli, Mumbai, from Mr. Nusli Wadia. The transaction, valued at ₹1,100 crore, consolidates the existing leasehold interest of CTIL into full ownership.
The business aims to develop this land through its fully owned subsidiary, Birla Estates Pvt. Ltd., a major participant in India’s luxury real estate sector. With Worli’s rising status as a luxury real estate hotspot, this acquisition demonstrates CTIL’s commitment to catering to discerning consumers seeking curated lifestyles in prime locations.
As of 10:32 am, Century Textiles and Industries shares were trading 7.28% higher at Rs 2,665.95 on the NSE.
