The Economic Times

Sundaram-Clayton to sell 16.38 acres in Chennai to PrestigeArihant JV for Rs 560 crore

Sundaram-Clayton is selling a large land parcel in Chennai to Canopy Living LLP for Rs 560 crore. This move aims to unlock value by monetising non-core assets. The deal is expected to be completed soon. Canopy Living LLP plans to develop a major residential project on the land.