ITI receives Rs 25 crore from C-DOT as part of Rs 200 crore land transfer deal
By Aditya Bhagchandani Published on June 2, 2025, 12:57 IST
ITI Limited has received an additional tranche of Rs 25 crore from the Centre for Development of Telematics (C-DOT), as part of a revised agreement concerning the transfer of 22.258 acres of land at Electronic City, Bangalore. The total value of the deal is pegged at Rs 200 crore.
In its regulatory filing dated June 2, 2025, ITI Limited confirmed that the payment is aligned with the Revised AMRCD (Arbitration and Mediation Resolution Committee of Disputes) proceedings between the two government entities. This latest tranche follows the execution of a sale deed between ITI and C-DOT.
The company stated that the balance amount will be received upon completion of remaining statutory formalities. The land transfer dispute between ITI and C-DOT had been ongoing, and this transaction marks significant progress in resolving the issue.
The development is disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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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