Deals30 Mar 2026, 06:21 pm
DLF Ltd Completes Transfer of IT/ITeS SEZ Undertaking and Sale of Land to Srijan Group for ₹ 710.23 Crore
AI Summary
DLF Ltd has completed the transfer of its IT/ITeS SEZ undertaking, including the SEZ property and the constructed building named ‘DLF TechPark II’, to Makalu Builders LLP, an entity forming part of the Srijan Group. Additionally, the company has sold a 17.75-acre vacant land parcel situated in Kolkata to Gangapurna Projects LLP, another entity of the Srijan Group. The total consideration for these transactions is approximately ₹ 710.23 crore. The transactions were concluded upon completion of the conditions precedent and receipt of requisite regulatory approvals.
Key Highlights
- DLF Ltd completes the transfer of its IT/ITeS SEZ undertaking to Makalu Builders LLP, a part of Srijan Group
- The company sells a 17.75-acre vacant land parcel in Kolkata to Gangapurna Projects LLP, another Srijan Group entity
- The total consideration for the transactions is approximately ₹ 710.23 crore
- The transactions were concluded upon completion of conditions precedent and receipt of regulatory approvals
- These transactions are part of the definitive Master Framework Agreement, Business Transfer Agreement, and Agreement to Sell executed with the Srijan Group