Deals3 Feb 2026, 08:21 pm
DLF Ltd Executes Business Transfer Agreement and Agreement to Sell with Srijan Realty Private Limited for ~Rs. 409.86 Crore and ~Rs. 260 Crore Respectively
AI Summary
DLF Ltd has executed a Business Transfer Agreement (BTA) and an Agreement to Sell (ATS) with Srijan Realty Private Limited and its subsidiary company(ies) for the sale of its IT/ITTeS SEZ undertaking and a vacant land parcel in Kolkata. The total consideration for the BTA is ~Rs. 409.86 crore and for the ATS is ~Rs. 260 crore. The transactions are subject to fulfillment of certain conditions precedent, including receipt of relevant regulatory approval(s), consent(s), sanction(s), as specified in the respective transaction documents. The completion of the transactions is expected to be completed in ~4 months from the date of execution of the BIA and ATS.
Key Highlights
- DLF Ltd has executed a Business Transfer Agreement (BTA) with Makalu Builders LLP and Srijan Realty Private Limited for the sale of its IT/ITTeS SEZ undertaking for a consideration of ~Rs. 409.86 crore.
- DLF Ltd has also executed an Agreement to Sell (ATS) with Gangapurna Projects LLP for the sale of a vacant land parcel for a consideration of ~Rs. 260 crore.
- The transactions are subject to fulfillment of certain conditions precedent, including receipt of relevant regulatory approval(s), consent(s), sanction(s), as specified in the respective transaction documents.
- The completion of the transactions is expected to be completed in ~4 months from the date of execution of the BIA and ATS.
- The sale of the IT/ITTeS SEZ undertaking is part of DLF Ltd's business strategy to enhance shareholders’ value.