DLF joint venture firm DCCDL sells IT park in Kolkata for Rs 637 crore

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DLF joint venture firm DCCDL sells IT park in Kolkata for Rs 637 crore - Business Standard

Quick Summary:

DLF Info City Developers (Kolkata) Ltd, a wholly owned subsidiary of DLF Cyber City Developers Ltd (DCCDL), has entered into a definitive agreement to sell and transfer its Kolkata Tech Park 1 business undertaking to RDB Primarc Techno Park LLP (an affiliate of Primarc & RDB group), on a slump sale basis for an aggregate consideration of about Rs 637 crore, DLF said in a regulatory filing.

Realty major DLF joint venture firm DCCDL has sold an IT park in Kolkata to Primarc and RDB group for Rs 637 crore.

"This is reflective of the value embedded in our core assets created over the years with good quality tenant partners and asset management," DLF Rental Business Vice-Chairman & MD Sriram Khattar said.