DLF Ltd to sell IT/ITeS SEZ in Kolkata for Rs. 693 crores

DLF Ltd has today i.e. Wednesday, 16th April 2025, entered into a definitive Master Framework Agreement ('MFA') with Srijan Realty Private Limited and its subsidiary company(ies) [hereinafter referred to as 'Srijan Group'] for sale of its IT/ITeS SEZ comprising freehold land parcel admeasuring ~25.90 acres, situated in Kolkata along with constructed building namely DLF Tech Park with a gross leasable area of ~10,54,357 square feet. The agreed consideration is ~₹ 693 crore (Rupees Six Hundred Ninety Three Crore only) subject to requisite adjustments as agreed in the MFA ('Kolkata IT/ITeS SEZ Business').

The proposed transaction is subject to certain conditions precedent, regulatory approval(s), consent(s), sanction(s), as specified in the transaction documents.

The turnover of Kolkata IT/ITeS SEZ Business proposed to be sold for FY 2023-24 was ~₹ 86.26 crore (viz. ~2.11% of turnover of the Company)

Shares of DLF Limited was last trading in BSE at Rs. 656.60 as compared to the previous close of Rs. 662.65. The total number of shares traded during the day was 72756 in over 2117 trades.

The stock hit an intraday high of Rs. 665.00 and intraday low of 652.10. The net turnover during the day was Rs. 47786326.00.

Source : Equity Bulls

Keywords

DLF INE271C01023 Realty IT ITeS SEZ Kolkata