Announced Fri, 3 Jul · 18:01 IST
ITI sells 21-acre Bengaluru land to CGST for Rs 914.31 Cr
Strategic Transactions View source PDF
ITI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹297.80
prior close
₹300.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.8-0.6-0.9-1.9-4.2-2.8-2.4-2.5-4.6-7.1———
Up moveDown movePending
AI summary
ITI Limited has executed and registered the sale deed for 21 acres of land at K.R. Puram, Bengaluru in favour of the CGST Department for Rs. 914.31 Crores. From the net proceeds, the company has repaid Rs. 902.81 Crores to its consortium of lending banks, after TDS of Rs 9.14 Cr and NLMC charges of Rs 2.36 Cr. The mortgage held by SBICAP Trustee was released via a Release Deed dated 19 June 2026.
Likely market impact
Positive - Rs 902.81 Cr debt repayment cuts liabilities, strengthens balance sheet, and frees up an encumbered asset.