DLF sells Kolkata IT park to Srijan Group

economictimes.indiatimes.com

DLF shares are expected to be actively traded today following the company's agreement to sell its Kolkata IT/ITeS SEZ business to Srijan Group for Rs 693 crore. The deal involves transferring 25.90 acres of land and the DLF Tech Park building, with a 10.54 lakh square feet leasable area. The sale, structured as a slump sale, is anticipated to conclude within a year, pending regulatory approvals. The Kolkata business contributed Rs 86.26 crore to DLF's turnover last fiscal year. DLF shares have recently experienced declines, closing Wednesday at Rs 656.60 on the BSE.


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