Acquisitions26 Mar 2026, 05:21 pm
Sundaram-Clayton Ltd Completes Land Sale to Canopy Living LLP for ₹ 558.62 Crore
AI Summary
Sundaram-Clayton Ltd has completed the sale of its 16.33-acre land in Chennai to Canopy Living LLP, a joint venture between Arihant Foundations & Housing Limited and Prestige Estates Projects Limited. The transaction, which was initiated on 8th January 2026, was completed on 26th March 2026 through the execution and registration of the sale deed. The Company received an advance of ₹ 25 crore in January and the balance consideration of ₹ 533.62 crore post due diligence, in full and final settlement of the Transaction.
Key Highlights
- Sundaram-Clayton Ltd has completed the sale of its 16.33-acre land in Chennai.
- The land was sold to Canopy Living LLP, a joint venture between Arihant Foundations & Housing Limited and Prestige Estates Projects Limited.
- The transaction was initiated on 8th January 2026 and completed on 26th March 2026.
- The Company received a total consideration of ₹ 558.62 crore for the land.
- The sale was completed through the execution and registration of the sale deed.