Peninsula Land Limited

News Verification : The media had reports that Peninsula Land Limited has sold its 20-storey building to Alok Mills for around Rs. 1000 cr. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Peninsula Land Limited has vide its letter inter-alia stated, "The Company has entered into an Agreement for sale of 5,75,000 sq. ft. out of its proposed development at its Dawn Mills (Peninsula Business Park) premises at an approximate consideration of Rs. 1,054 crores to Alok Infrastructure Pvt. Ltd."