Tata Comm sells Chennai land for Rs.192 crore

April 05, 2013 12:43 am | Updated November 16, 2021 08:13 pm IST - NEW DELHI:

Tata Communications, on Thursday, said it had sold a piece of land in Chennai for over Rs.192 crore in line with its objective of monetising non-core assets.

In a filing to the BSE, Tata Communications said “the company has completed a sale transaction of the land parcel and building situated at Nungambakkam, Chennai, for a transaction value of Rs.192.3 crore. The above transaction is in line with the company’s objective of monetising its non-core assets.”

This land parcel and building was earlier being used as a staff housing colony. The company has received the payment of entire amount, the filing added.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.