Deals23 Jun 2025, 04:15 pm
Umiya Buildcon Ltd Monetizes 740.5 Crore Asset, Shifts Telecom Manufacturing to Cost-Efficient Location
AI Summary
Umiya Buildcon Limited (formerly MRO-TEK Realty Limited) has completed the sale of a property located at Electronic City, Bengaluru, raising 740.5 crores. This strategic move aims to unlock shareholder value by divesting non-core assets and relocating telecom and network equipment manufacturing operations to a more cost-effective location. The sale proceeds will be utilized to expand the new manufacturing facility, boost R&D and product development in the Telecom & Networking vertical, and accelerate upcoming ultra-premium real estate projects in North Bangalore and Goa.
Key Highlights
- Umiya Buildcon Ltd sells property in Electronic City, Bengaluru for 740.5 crores
- Proceeds to be used for expanding manufacturing facility, R&D, and real estate projects
- Telecom and network equipment manufacturing operations to be relocated to a cost-effective location
- Strategic pivot towards strengthening dual engines of value: Real estate and telecom/Networking infrastructure
- Sale expected to enhance cost efficiency and increase cash flows