Sundaram-Clayton to sell 16.38 acres in Chennai for ₹560 crore
BENGALURU: Sundaram-Clayton Ltd has entered into an agreement to sell a 16.381-acre land parcel in Chennai to Canopy Living LLP, a joint venture of Arihant Foundations & Housing Ltd and Prestige Estates Projects Ltd, for approximately Rs 560 crore. This move is part of their strategy to monetize non-core assets and enhance value. In a regulatory filing on Thursday, the company announced it executed the Agreement to Sell (ATS) on January 8, 2026, for the property located in Korattur village, Ambattur taluk, a well-connected residential and industrial micro-market in northwest Chennai. Completion of the transaction is anticipated by February 11,…