Arkade Developers Close 3.17% Higher After ₹148 Crore Acquisition in Bhandup West

Mumbai, September 3, 2025: Arkade Developers Limited’s share price gained 3.17% to close 5.59 points higher at ₹181.82. The shares made an intraday high of ₹188.25 and a low of ₹175.60. With this, the company’s total market cap stands at 3,272 crore.

Arkade Developers Limited is an Indian real estate development company. It was established in 1985 and has its headquarters in Mumbai, India. The company has delivered 31 completed projects, developed over 5.5 million sq. ft., and has more than 2 million sq. ft. under construction. The company is listed on NSE with ticker symbol ARKADE and on BSE with code 544261.

Key Trigger: Acquisition Of 100% Shareholding in Woollen and Textile Industries Ltd

The shares gained due to the company’s announcement that it has entered into a Share Purchase Agreement (SPA) to acquire 100% shareholding in Woollen and Textile Industries Ltd. This marks the company’s second acquisition in Mumbai’s Bhandup West. The 100% share acquisition deal is valued at ₹148 crore and includes a land parcel of 14,363.60 sq. mtrs.

Arkade Developers’ Vision Of Creating Value-driven Developments

“This acquisition underlines Arkade Developers’ vision of creating value-driven developments at strategic locations. With our legacy of trust, timely delivery, and quality construction, we look forward to unlocking the potential of this land parcel and contributing meaningfully to urban transformation.”

Growing Presence in Mumbai Metropolitan Region

• Arkade Earth, Kanjurmarg (4 acres)
• Arkade Nest, Mulund (2 acres)
• Arkade Rare, Bhandup (3 acres)
• Recent entry into Thane market with a 6.28-acre land acquisition

REF: https://nsearchives.nseindia.com/corporate/ARKADE_03092025135133_Operation_updates-1.pdf

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