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DLF Ltd signed a Rs.693 crore deal with Srijan Group to divest its Kolkata IT SEZ spanning 25.9 acres. The SEZ contributed Rs.86.26 crore to FY24 revenue. The deal may affect the short-term DLF share price.
DLF Ltd has signed a definitive agreement to sell its IT/ITeS Special Economic Zone (SEZ) in Kolkata to Srijan Group for Rs.693 crore. The transaction includes 25.9 acres of freehold land and the DLF Tech Park, which offers a gross leasable area of over 10.54 lakh square feet. The slump sale was formalized on 16 April 2025 and is expected to close within 12 months, subject to regulatory approvals and conditions outlined in the agreement.
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DLF is selling its Kolkata IT SEZ to Srijan Group for Rs.693 crore
The deal includes 25.9 acres of freehold land and DLF Tech Park
The Tech Park spans 10.54 lakh sq. ft. of gross leasable space
The SEZ generated Rs.86.26 crore in revenue in FY24
Srijan subsidiaries Gangapurna Projects and Makalu Builders are acquirers
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The asset in focus comprises DLF’s IT/ITeS SEZ located in Kolkata, developed as a tech infrastructure hub. The property includes the DLF Tech Park building and an adjoining land parcel. The SEZ generated Rs.86.26 crore in revenue during FY24, contributing 2.11% to DLF’s consolidated turnover. The deal will be executed through a business transfer agreement and supporting conveyance deeds.
DLF clarified that the transaction does not fall under any scheme of arrangement and is not classified as a material undertaking under the Companies Act, 2013. The entire Rs.693 crore consideration will be paid in cash, subject to final adjustments agreed in the master framework agreement.
Particulars | Details |
Buyer | Srijan Group (via Gangapurna & Makalu) |
Seller | DLF Ltd |
Deal Value | Rs.693 crore |
Structure | Slump sale |
Land Area | 25.90 acres (freehold) |
Building Included | DLF Tech Park |
Gross Leasable Area | 10.54 lakh sq. ft. |
FY24 Revenue from SEZ | Rs.86.26 crore |
Deal Completion Timeline | Within 12 months (subject to approvals) |
This divestment allows DLF to streamline its asset portfolio and focus on its core real estate ventures. While the revenue impact remains marginal, the shift could influence investor sentiment and short-term movement in the DLF share price. As the market digests the transaction details, close attention may be paid to the operational reallocation and its effect on overall earnings. Over the coming months, changes in DLF share price may reflect evolving market perspectives on the strategic direction of the company.
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