September 14, 2018 / 4:41 AM / 4 months ago

BUZZ-India's Rashtriya Chemicals and Fertilizers jumps on Cabinet approvals for land transfer

** Shares of state-run Rashtriya Chemicals and Fertilizers Ltd surge 17.23 pct to 79.60 rupees, in their sharpest intraday pct gain in over 3 years

** Cabinet approved here transfer of land of co to Mumbai Metropolitan Regional Development Authority (MMRDA), Municipal Corporation of Greater Mumbai (MCGM) late on Wednesday

** Also approved selling of Transferable Development Right certificate received/receivable against transfer of land to MMRDA/MCGM

** More than 5.2 mln shares change hands in first 30 minutes of trade, compared with 30-day avg of about 1.6 mln shares

** Stock top pct gainer on Nifty 500 index

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