ITI sells 21-acre Bengaluru land to CGST for Rs 914.31 Cr

Strategic Transactions View source PDF Explain this filing

ITI · price

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

-0.3%Reaction day

₹297.80

prior close

₹300.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.5%-0.7% vs market

Telecom - Equipment & Accessories peers, median of 5sector-0.4%+0.2% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Smallcap 250 and 0.2 pts more than its Telecom - Equipment & Accessories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3+0.5-0.7-0.4+0.2

Next day

-1.9-0.2-1.7-0.9-1.0

-4.2-2.2-2.0-2.7-1.5

-2.8-0.7-2.1-1.4-1.4

-2.4+0.7-3.0+0.9-3.2

-2.5+1.0-3.5+1.0-3.5

-4.6+0.6-5.1-2.2-2.3

15d

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-3.7+2.0-5.7-1.1-2.6

-9.2+2.7-11.9+2.8-11.9

-16.4-0.5-15.9+14.7-31.1

UpDownMarket · Nifty Smallcap 250Sector · Telecom - Equipment & Accessories peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.