Sale8 Jan 2026, 01:40 pm
Sundaram-Clayton Ltd to Sell 16.381 Acres of Land to Canopy Living LLP for Rs. 560.67 Crores
AI Summary
Sundaram-Clayton Ltd has executed an agreement to sell a plot of land admeasuring 16.381 acres to Canopy Living LLP, a joint venture between Arihant Foundations & Housing Limited and Prestige Estates Projects Limited, for a total consideration of Rs. 560.67 Crores. The transaction is expected to be completed by 11 February 2026, with an advance of Rs. 25 Crores already received. Arihant Foundations & Housing Limited and Prestige Estates Projects Limited do not belong to the promoter/promoter group/group companies.
Key Highlights
- Sundaram-Clayton Ltd to sell 16.381 acres of land to Canopy Living LLP
- Total consideration of Rs. 560.67 Crores
- Advance of Rs. 25 Crores already received
- Expected completion date: 11 February 2026
- Buyers not part of the promoter/promoter group/group companies