Update on intimation(s) submitted on 16th April 2025 and 3rd February 2026
DLF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DLF Limited has completed two transactions with entities of the Srijan Group on 30th March 2026, following earlier intimations dated 16th April 2025 and 3rd February 2026. First, the company has transferred its IT/ITeS Special Economic Zone (SEZ) undertaking, including the building 'DLF TechPark II', to Makalu Builders LLP, part of the Srijan Group. Second, DLF has sold approximately 17.75 acres of vacant land located in Kolkata to Gangapurna Projects LLP, another Srijan Group entity. The aggregate consideration for both transactions combined is around ₹710.23 crore. All conditions precedent and regulatory approvals required for closing the deal have been fulfilled, and the transactions now stand concluded.
This is a non-core asset divestiture that brings in roughly ₹710 crore in cash for DLF, which can be used to reduce debt or fund its core real estate business. Shareholders should note that DLF is exiting its IT SEZ business in this transaction and monetising an undeveloped Kolkata land parcel, which may slightly reduce future rental/SEZ income but strengthens the balance sheet.