ITI receives Rs.16 Cr EMD for Rs.800 Cr Bengaluru land sale to CGST

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.9%-1.3% vs market

Telecom - Equipment & Accessories peers, median of 5sector+1.6%-2.0% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Smallcap 250 and 2.0 pts less than its Telecom - Equipment & Accessories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

ITI Limited has received Rs.16 Crores as Earnest Money Deposit (EMD) from the Central GST Department for the sale of a 21-acre land parcel in K.R. Puram, Bengaluru. The EMD is 2 percent of the indicative transaction value of Rs.800 Crores. Final valuation will be determined by NLMC. The EMD will be adjusted against the final sale value. This is a major asset monetization event for ITI, a Government of India undertaking.

Likely market impact

Significant land monetization. Potential Rs.800 Crore inflow could strengthen ITI's cash position and unlock shareholder value.