New Delhi, Mar 13 (PTI) Cholamandalam Investment and Finance Company Ltd has bought 4.67 acre land in Chennai from realty firm DLF Ltd for Rs 735 crore.

In a regulatory filing on Wednesday, Cholamandalam Investment and Finance Company informed that the "company has purchased an immovable property today, from DLF IT Offices Chennai Private Limited admeasuring 4.67 acres of land situated at ...Guindy, Chennai by executing and registering a sale deed."

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The deal value is Rs 735 crore, it added.

DLF has sold this land to monetise its land. The realty firm has a good presence in the Chennai market and is developing residential and commercial properties in the city.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)