Unitech up 4% as court grants interim bail to promoters

Shares of Unitech rose by nearly

4 per cent today after a Delhi court granted a three-month

interim bail to its promoters Ajay Chandra and Sanjay Chandra

arrested in a fraud case relating to a Gurugram-based real

estate project.

The company's scrip ended the day at Rs 5.85, up 3.91 per

cent on BSE. During the day, it surged 8.17 per cent to Rs

6.09.

At NSE, shares of the company jumped 3.53 per cent to

close at Rs 5.85.

The company's market valuation went up by Rs 57.56 crore

to Rs 1,529.56 crore.

On the volume front, 50.30 lakh shares of the company

were traded on BSE and over 2 crore shares changed hands at

NSE during the day.

Additional Sessions Judge Raj Kapoor granted the relief

to the Chandras on a personal bond of Rs 70 lakh each and one

surety of like amount.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)