2/7/2024, 9:30:07 am

ICICI Prudential AMC buys office tower from Kalpataru in Mumbai

ICICI Prudential Asset Management Company has acquired a commercial tower in Mumbai's Santacruz for over Rs 315 crore from Kalpataru's subsidiary Ixora Properties. The tower has a carpet area of over 60,000 sq ft and will house the company's new head office. The deal is significant as it goes against the trend of leasing office space, with the company paying over Rs 18.90 crore as stamp duty.