Arshiya  witnessed a rise in share price on Thursday after the company has entered into a binding term sheet with Ascendas Property Fund Trustee (APFT), whereby APFT, in its capacity as Trustee-Manager of Ascendas India Trust, has agreed, subject to satisfactory due diligence, agreement on definitive documentation and obtaining necessary Board approvals, to acquire 6 warehouses (totaling 8,32,000 square feet) of Arshiya at its Free Trade & Warehousing Zone (FTWZ) located at Panvel, near Mumbai.

Shares of Arshiya are trading at Rs 79.50, up Rs 2.05, or 2.65% at the Bombay Stock Exchange (BSE) on Thursday at 10:34 a.m.

The scrip has touched an intra-day high of Rs 81.00 and low of Rs 78.40. The total volume of shares traded at the BSE is 75,879.

Total volume of shares traded on the bourses today was lower by 60.63% to 75,879 compared with 22-day average volume of 192,722.