L&T Metro Rail seals sale deal of realty assets in Hyderabad
L&T Metro Rail (Hyderabad) has secured approval from the state government and its members for the proposed sale of its Raidurg business on a slump sale basis to Rafferty Developments Private Ltd. However, the deal is subject to fulfilment of transaction formalities and receipt of required approvals and finalisation including execution. L&T Metro Rail will be leasing 15 acres of land at Raidurg to Rafferty Developments, a joint venture between Brookfield Corporation and K Raheja Corp Ltd, for 50 years for a consideration of over Rs.1,200 crore.
📅Published on:
18 August 2023
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