Mastek Ltd Completes Sale of Chennai Commercial Building for ₹60 Cr
Mastek Ltd has announced the successful completion of the sale of its commercial building located in Mahindra World City, SEZ, Chengalpattu, Chennai. The building has a built-up area of approximately 1,57,233 Sq. Ft. on 15.50 acres of leased land. The aggregate consideration received for this sale is ₹60 crores, paid in two tranches as per the MOU dated April 24, 2026. The buyer is Caresoft Mobility Private Limited, and the transaction is not with a related party, nor does it fall under a Scheme of Arrangement or regulation 37A of LODR Regulations. The sale of this asset does not contribute to the company's turnover, revenue, income, or net worth from a last financial year perspective, as it is an asset sale.
Key Highlights
- Mastek Ltd sold a commercial building in Chennai for ₹60 crores.
- The sale involved a 1,57,233 Sq. Ft. building on 15.50 acres of leased land.
- The transaction was completed on August 17, 2026.
- The buyer, Caresoft Mobility Private Limited, is not a related party.
- The sale is considered an asset disposal, not part of a scheme of arrangement.
Price Impact
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