Mumbai, July 11 -- According to an exchange filing, the company stated that this MoU marked LRDL's strategic entry into the fast-growing warehousing and logistics infrastructure sector, leveraging a prime approximately 99-acre land parcel in the Taloja, Navi Mumbai region, with an additional potential of around 32 acres for aggregation.

It further informed that LRDL would acquire a 51% equity stake in CLPL for Rs 60 crore and would extend up to Rs 242 crore as structured secured debt to CLPL for contiguous land aggregation and regulatory approvals. The land parcel was envisioned to be developed into a world-class logistics and warehousing hub, with possibilities for industrial or data centre use, enabling strong value creation through ev...