India, April 16 -- Shares of IndiQube Spaces surged as much as 20% during intraday trading today, hitting a high of Rs.186.60 on the BSE. The stock later pared some gains and was trading 9.07% higher at Rs.169.60 as of 14:30 IST. The company's market capitalisation stood at Rs.3,594 Cr (about $385.14 Mn) at this time. 

The company announced a Rs.52 Cr workspace deal with a leading Japanese ecommerce giant, leasing a 35,000 sq ft managed workspace at Outer Ring Road in Bengaluru for a period of five years. However, the company refrained from revealing the client's name.

The space will support the client's India operations with a fully managed, enterprise-grade office in one of the country's key tech hubs.

Important to note that sha...