Cognizant puts up Chennai office on market, eyes up to Rs 800 crore deal

Technology major Cognizant has listed its India headquarters in Chennai for sale, a move that could potentially fetch it up to Rs 800 crore, The Times of India reported on Friday.

This property has been the company’s India headquarters for over twenty years. It is spread over a 15-acre land parcel and comprises a four lakh sq ft office space along Chennai’s IT Corridor.

The company has appointed property advisory firm JLL to handle the sale. Some potential buyers in talks for the deal include local developers such as Baashyaam Group and Casagrand, the report added.