CapitaLand India Trust Sells CyberVale, CyberPearl for ₹11,031M
NEW DELHI: CapitaLand India Trust (CLINT) has made an agreement to sell CyberVale in Chennai and CyberPearl in Hyderabad to an unrelated third party for ₹11,031 million (around S$161.7 million). The assets will be sold at about a 3% premium over their independent valuations as of December 31, 2024. The expected net proceeds from the sale stand at ₹10,828 million (approximately S$158.8 million). CyberVale features roughly 0.8 million sq ft of an IT special economic zone (SEZ) and about 0.2 million sq ft designated as a free trade warehousing zone in Mahindra World City. CyberPearl is an IT park that…