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2026-03-09 10:17:24 am | Source: Accord Fintech
Alfavision Overseas touches the roof on signing term sheet to develop 220-acre land in Madhya Pradesh
Alfavision Overseas touches the roof on signing term sheet to develop 220-acre land in Madhya Pradesh

Alfavision Overseas (India) is currently trading at its upper circuit limit of Rs. 5.52, up by 0.92 points or 20.00% from its previous closing of Rs. 4.60 on the BSE.

The scrip opened at Rs. 5.52 and has touched a high and low of Rs. 5.52 and Rs. 5.52 respectively. So far 27242 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 15.60 on 24-Mar-2025 and a 52 week low of Rs. 3.65 on 02-Mar-2026.

Last one week high and low of the scrip stood at Rs. 5.52 and Rs. 3.65 respectively. The current market cap of the company is Rs. 17.40 crore.

The promoters holding in the company stood at 24.80%, while Institutions and Non-Institutions held 0.02% and 75.18% respectively.

Alfavision Overseas (India) has entered into a term sheet with Della Resorts & Adventure for development of an integrated hospitality, adventure and lifestyle destination project. The project will be developed on around 220 acres of land at Village Saras, Icchawar, District Sehore, Madhya Pradesh, comprising land owned by the company and certain promoter group entities. The project is envisaged to include development of luxury resorts, hospitality facilities, villas, branded residences, wellness facilities, adventure park, recreational amenities and other residential and non-residential developments. Based on preliminary development assessment, the project has an indicative Gross Development Value (GDV) potential of over Rs 2,000 crore.

For the hospitality component, a Special Purpose Vehicle (SPV) is proposed to be formed. The land-owning entities (including the Company and promoter group entities) shall collectively hold 74% stake, and Della Resorts & Adventure Private shall hold 26% stake.

The proposed collaboration is expected to unlock significant value from the company’s land holdings and enable development of a landmark integrated hospitality and lifestyle destination in Madhya Pradesh, subject to regulatory approvals and final project structure.

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