DLF has completed the sale of its IT/ITeS SEZ undertaking and a vacant land parcel in Kolkata to entities within the Srijan Group, the company announced on 30th March 2026.
The transaction comprised two distinct components. The first involved the transfer of DLF‘s IT/ITeS SEZ undertaking, including the SEZ property and the constructed building known as ‘DLF TechPark II’, to Makalu Builders LLP, an entity forming part of the Srijan Group and Srijan Realty Private Limited. The second component involved the sale of approximately 17.75 acres of vacant land situated in Kolkata to Gangapurna Projects LLP, another Srijan Group entity.
The aggregate consideration for both transactions stands at ₹710.23 crore. The completion followed the satisfaction of all conditions precedent and receipt of requisite regulatory approvals, marking the conclusion of the definitive Master Framework Agreement, Business Transfer Agreement, and Agreement to Sell that were executed between DLF and the Srijan Group.
DLF had earlier intimated the stock exchanges of these transactions on 16th April 2025 and 3rd February 2026. The company has already provided the requisite disclosures under Schedule III of the SEBI Listing Regulations, read with the SEBI Master Circular dated 11th July 2023 (updated as on 30th January 2026), through its intimation dated 3rd February 2026.
The completion of this transaction marks a significant portfolio adjustment for DLF as it monetises its IT/ITeS SEZ assets and vacant land holdings through the structured agreements with the Srijan Group entities.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).