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.
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