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DLF sells Chennai land for Rs. 735 crore to Cholamandalam Investment and Finance Company

The land admeasures 4.67 acres.

14 , March , 2024

In a major development, DLF IT Offices Chennai, a wholly-owned subsidiary of DLF, has sold land admeasuring 4.67 acres situated in Chennai to Cholamandalam Investment and Finance Company, for Rs 735 crore.

Cholamandalam Investment and Finance Company, stated, “The company has purchased an immovable property today, from DLF IT Offices Chennai Private Limited admeasuring 4.67 acres of land situated at Guindy, Chennai by executing and registering a sale deed." 

In a separate regulatory filing, the company informed that the board of directors of DLF Home Developers (DHDL), a wholly-owned material subsidiary, has inter-alia, considered and approved the proposal for raising of funds by way of issuance of senior, secured, rated, listed, redeemable, guaranteed, rupee denominated non-convertible debentures (NCDs) for an aggregate principal amount of up to Rs 600 crore on a private placement basis.

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