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Embassy Developments Ltd signs landmark ₹1,125 Cr Land Deal with Leading Global Semiconductor Equipment Manufacturer in Bengaluru



Posted On : 2025-03-20 20:25:41( TIMEZONE : IST )

Embassy Developments Ltd signs landmark ₹1,125 Cr Land Deal with Leading Global Semiconductor Equipment Manufacturer in Bengaluru

Embassy Developments Ltd. (EDL), through its wholly owned subsidiary Embassy East Business Park Pvt Ltd., has signed definitive agreements with Lam Research (India) Private Limited, a leading global semiconductor equipment manufacturer, to sub-lease and subsequently divest, upon receipt of required regulatory approvals, ~25 acres in Whitefield, Bengaluru. The transaction is valued at ₹1,125 Cr.

This landmark transaction strengthens Bengaluru's position as a global technology and innovation hub and further reinforces its appeal as a preferred destination for high-tech investments. This engagement between EDL and a global semiconductor bellwether reflects the growing demand for worldclass commercial infrastructure that caters to the evolving needs of cutting-edge industries.

Aditya Virwani, Managing Director, Embassy Developments Ltd., said, "We are delighted to partner with one of the world's foremost semiconductor companies in this milestone transaction. Bengaluru remains a top choice for global corporations, and this transaction reaffirms EDL's capability to unlock value through strategic asset monetisation. The proceeds from this sale will be reinvested into high-growth opportunities, strengthening our development pipeline and delivering sustained value to our stakeholders."

With its robust infrastructure, thriving IT ecosystem, and access to a highly skilled talent pool, Whitefield continues to drive India's emergence as a global technology powerhouse.

The transaction is subject to necessary regulatory approvals.

Shares of Embassy Developments Limited was last trading in BSE at Rs. 115.35 as compared to the previous close of Rs. 110.10. The total number of shares traded during the day was 1075152 in over 7595 trades.

The stock hit an intraday high of Rs. 119.90 and intraday low of 111.30. The net turnover during the day was Rs. 125046577.00.

Source : Equity Bulls

Keywords

EmbassyDevelopments INE069I01010 Realty EmbassyEastBusinessPark SemiconductorEquipment Manufacturer SubLease Whitefield