ITI receives Rs 50 crore from C-DOT as part of Bengaluru land sale agreement
By Aditya Bhagchandani Published on May 2, 2025, 12:17 IST
Shares of ITI Limited may remain in focus after the company informed exchanges that it has received a further tranche of ₹50 crore from the Centre for Development of Telematics (C-DOT) under a revised land sale agreement involving 22.258 acres of prime land located at Electronic City, Bengaluru.
In a regulatory filing dated May 2, 2025, ITI Limited stated that the company had earlier entered into a revised AMRCD (Alternative Mechanism for Resolution of Commercial Disputes) order with C-DOT for the sale of this land for a total consideration of ₹200 crore.
The company has now received ₹50 crore as part of this executed sale agreement. The balance amount is expected to be received upon completion of remaining statutory formalities, the company added.
The development is seen as a key financial inflow for the government-owned telecom firm, which has been undergoing restructuring and asset monetization efforts to boost its balance sheet.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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