"The software major will be paying a rental of around ₹51 per sq ft. The lease term has a five-year lock-in period with a 15-year lease," said three people aware of the deal.
Shares of Proseed India, a Hyderabad-based agri-biotech company, were relisted on May 20, 2021 on the bourses at Rs 1.40 per share. They had surged to Rs 18.33 as of Friday. Such has been the demand for the stock that in the last 51 sessions that it traded, it has hit the upper circuit limit every day!