For a better experience, Read this story in our App
-573.38
-169.60
+ 437.00
+ 1,872.00
+ 609.00
-573.38
-169.60
-169.60
+ 437.00
+ 437.00
+ 1,872.00
Aditya Virwani, Managing Director, Embassy Developments Ltd
Embassy Developments Ltd (EDL), through its wholly-owned subsidiary Embassy East Business Park, has signed definitive agreements with Lam Research (India) Pvt Ltd to sub-lease and subsequently divest approximately 25 acres in Whitefield, Bengaluru, subject to regulatory approvals. The transaction is valued at ₹1,125 crore.
Aditya Virwani, Managing Director, Embassy Developments Ltd, said: “Bengaluru remains a top choice for global corporations. The proceeds from this sale will be reinvested into high-growth opportunities, strengthening our development pipeline and delivering sustained value to our stakeholders.”
The company’s shares closed at ₹115.75, up 5.13 per cent on the BSE.
Published on March 20, 2025
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.