The need to shift to Mumbai

"To achieve speedier growth it necessitated proximity to financial markets. It therefore planned to shift its registered office to mumbai." - A listed entity on the reason to move to mumbai

Found it really amusing as to how shifting office to mumbai can lead to speedier growth, the company failed to mention if that speedier growth was in share price or underlying business. I dont think mumbai offers anything additional to the company in terms of business, apart from the fact that the company would be closer to investors. But there are numerous examples of companies headquartered in Mumbai but still their share price not reflective of their value. Have put the company on my watch list for seeing how the change reflects in its share market performance going forward.