In a significant move, DLF Ltd announced to sale its Kolkata Tech Park 1 business to RDB Primarc Techno Park LLP, an affiliate of the Primarc & RDB Group. The ₹637 crore slump sale deal was finalized through DLF’s subsidiary, DLF Info City Developers (Kolkata) Ltd.
Kolkata Tech Park 1, one of eastern India’s largest IT hubs with a gross leasable area of 1.49 million sq. ft., is LEED Platinum-certified and hosts top global technology firms.
Sriram Khattar, Vice Chairman & MD of DLF Rental Business, noted, “This reflects the value embedded in our core assets and our commitment to enhancing shareholder value.”
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Primarc Group MD Sidharth Pansari stated, “This transaction marks a pivotal step in our growth journey and strengthens Bengal’s tech ecosystem.” Vinod Dugar, Promoter of RDB Group, echoed similar sentiments, emphasizing sustainability and excellence in driving Bengal’s economy forward.
JLL served as the sole transaction advisor, while legal and financial advisory services were provided by Shardul Amarchand Mangaldas & Co and PwC, respectively.
