Anant Raj Group to exit hospitality biz; stock up nearly 6%

NEW DELHI: Anant Raj Ltd surged as much as 5.7 per cent in trade on Tuesday after news reports suggested that the Anant Raj Group plans to exit its hospitality business to pare debt.

The reports also suggested that the Group will now solely focus on its core real estate projects. The developer is also selling a 2-acre property in the Lutyens’ area in Delhi at an approximate value of Rs.500 crore.

At 09:45 a.m.; Anant Raj was trading 4.1 per cent higher at Rs 78.55. It hit a low of Rs 78 and a high of Rs 79.70 in trade today.