Nila Spaces wins bid for major development project at GIFT City

Shares of Nila Spaces Ltd commenced Tuesday's trading at ₹7.85 per share, marking a 5% upper circuit from its previous close. This increase followed the company's announcement of securing the contract for a substantial residential building project in GIFT SEZ. Spanning at least 5,22,000 square feet on building footprint 26-C, the project is situated within GIFT City's dual-use non-processing area.