New Delhi, July 10 -- Shares of Nita Spaces surged 10%, hitting the upper circuit limit during Thursday's trading session, following the approval of their residential project "PRANA" by the Gujarat RERA Authority at GIFT City Gandhinagar.

According to the company's filing with the exchange, this project is being developed by its subsidiary, Nila Urban Living Private Limited, in which the company holds a 90% stake. The registration remains valid until December 31, 2030, unless it is renewed by the RERA Authority.

(more to come)

Published by HT Digital Content Services with permission from MINT....