ITI Ltd Sells 21 Acres Bengaluru Land for ₹914.31 Cr

ITI Ltd has executed and registered a sale deed for approximately 21 acres of land located at K.R. Puram, Bengaluru, to the Central Goods and Services Tax Department (CGST) for a total consideration of ₹914.31 Crores. The sale proceeds were utilized to repay ₹902.81 Crores of fund-based borrowings to the consortium of lending banks. This transaction follows the earlier receipt of Earnest Money Deposit (EMD) and the release of mortgage by SBICAP Trustee Company Limited, enabling the transfer of a clear title. The company had previously disclosed this transaction in its financial statements for the quarter and year ended March 31, 2026.