Aricent sells 17.63 Acre Gurgaon Land for Rs 206Cr

Aricent group, a telecommunications research and development firm, has sold a prime plot of land in Gurgaon to local real estate firm, Ambience Developers, for Rs 206 crore. Ambience pipped DLF , Shapoorji Pallonji and AlphaG Corp to buy the 17.63 acre land on the Old Gurgaon Highway. Private equity firms Kohlberg Kravis Roberts & Co, Sequoia Capital and others are investors in Aricent, which was created in 2006 when the former Hughes Software Systems/Flextronics Software Division was combined with frog design