ITI sells 21-acre Bengaluru land to CGST for Rs 914 Cr; debt repaid

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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

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15m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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15d

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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 a Sale Deed on 2 July 2026 to sell about 21 acres of land at K.R. Puram, Bengaluru to the CGST East Commissionerate, Government of India, for a total sale consideration of Rs 914.31 Crores. After TDS of Rs 9.14 Crores and NLMC charges of Rs 2.36 Crores, the net amount of Rs 902.81 Crores was used to fully repay fund-based borrowings to the consortium of lending banks. SBICAP Trustee Company has released the mortgage on the land. NLMC had approved the sale price.

Likely market impact

Major debt reduction of about Rs 903 Cr strengthens the balance sheet and cuts interest costs. Positive for shareholders, though one-time land monetisation.