Embassy Developments rallies 8% after ₹711 crore residential tower deal

Embassy Developments shares rallied up to 8% to reach Rs 63.80 per share after the company signed a memorandum of understanding to sell an entire residential tower at Embassy Terazza in Juhu to Angel One CMD Dinesh Thakkar for Rs 711 crore.

The residential tower spans 63,000 square feet and marks India's largest single residential property transaction to date.