India, March 20 -- Embassy Developments Ltd (EDL), through its wholly owned subsidiary Embassy East Business Park Pvt Ltd, has agreed to sell a 25-acre land parcel in Bengaluru to semiconductor equipment maker Lam Research (India) for Rs.1,125 crore, the company said in a statement.

In a statement on March 20, Embassy Developments Ltd (EDL), through its wholly-owned subsidiary Embassy East Business Park, has signed definitive agreements with Lam Research (India) Pvt Ltd to sub-lease and subsequently divest, upon receipt of required regulatory approvals, about 25 acres in Whitefield, Bengaluru.

The transaction is valued at Rs.1,125 crore and is subject to necessary regulatory approvals."This landmark transaction strengthens Bengaluru's p...