Embassy Developments Signs Landmark Deal with Semiconductor Manufacturer Lam Research For ₹1,125 Crores

Embassy Developments Ltd. (EDL), through its wholly owned subsidiary Embassy East Business Park Pvt Ltd., has finalised definitive agreements with Lam Research (India) Private Limited for the sublease and eventual divestment of approximately 25 acres in Whitefield, Bengaluru. The deal, valued at ₹1,125 crore, is subject to regulatory approvals.

Strengthening Bengaluru’s Position as a Tech Hub

The agreement between EDL and Lam Research, a global semiconductor leader, reflects the increasing demand for world-class commercial infrastructure tailored to cutting-edge industries. As the city continues to attract high-value investments, this deal further cements Bengaluru’s reputation as a preferred destination for advanced technology companies.

The transaction signifies the evolving landscape of the city’s business ecosystem, with major global players choosing Bengaluru as their base for expansion and innovation.

Strategic Asset Monetisation for EDL

Aditya Virwani, Managing Director of EDL, expressed enthusiasm over the partnership, calling it a milestone transaction. He said,” We are delighted to partner with one of the world’s foremost semiconductor companies in this milestone transaction. Bengaluru remains a top choice for global corporations, and this transaction reaffirms EDL’s capability to unlock value through strategic asset monetisation. The proceeds from this sale will be reinvested into high-growth opportunities, strengthening our development pipeline and delivering sustained value to our stakeholders.”

Embassy Development Share Performance 

As of March 21, 2025, at 3:00 PM, Embassy Development’s share price is trading at ₹119.00 per share, reflecting an upside of 3.16% from the previous day’s closing price. Over the past month, the stock has declined by 9.58%.

Conclusion

The agreement between Embassy Developments Ltd. and Lam Research highlights Bengaluru’s growing influence in the global high-tech sector. By facilitating investments in cutting-edge industries, the transaction not only enhances the city’s commercial infrastructure but also positions EDL for further growth.

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