Land deal may buoy Lancor Holdings

Lancor Holdings, in a post-market-hours disclosure on Thursday, informed the exchanges that it had signed an agreement for sale of 6.27 acres of land for a consideration of ₹57.316 crore. The company has received the total amount and executed a sale deed for 0.17 acres. In April 2015, it had informed the bourses of the acquisition of 6.44 acres at Potheri from L&T Urban Infrastructure for a residential project. Investors will monitor the development.