Deals30 Jul 2025, 03:28 pm
Mac Charles India Leases Out 'Embassy Zenith' Project to Apple India
AI Summary
Mac Charles (India) Limited has signed and registered a Lease Agreement on 29th July 2025 for leasing out its Project ‘Embassy Zenith’ situated at Municipal No. 28A (old No. 28), Sankey Road, Opposite Bangalore Golf Club, Vasanth Nagar Bengaluru -560052, admeasuring 2,68,737 square feet for a period of 10 years to Apple India Pvt Ltd. The company is also in the process of signing a lease deed with Apple India Private Limited for the remaining area of the project, admeasuring 1,21,203 square feet. It's important to note that the promoter/ promoter group / group companies have no interest in the Lessee nor the transaction is falling within the related party transactions.
Key Highlights
- Mac Charles India Ltd has leased out its 'Embassy Zenith' project to Apple India Pvt Ltd.
- The lease agreement is for a period of 10 years and covers an area of 2,68,737 square feet.
- The company is also in the process of signing a lease deed for an additional 1,21,203 square feet.
- The transaction does not involve any related parties.
- The lease agreement is in line with the company's ordinary course of business.