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Standard Chartered Plc will rent space in an Indian project being developed by a local builder and Singapore’s sovereign wealth fund to create one of its biggest campuses.
The London-based bank’s Standard Chartered GBS unit will lease 770,000 square feet for 15 years in Chennai, in a project being developed by DLF Ltd. and GIC Pte., DLF’s Executive Director Amit Grover said by phone on Wednesday. He declined to share a deal value citing client confidentiality.
Standard Chartered could pay as much as Rs 1 billion ($14 million) each year, according to the Economic Times, which reported the deal earlier without saying
