DLF Limited — Important, 16-04-2025: General Updates

DLF has entered into a Master Framework Agreement with Srijan Realty Private Limited and its subsidiaries for the sale of its IT/ITeS SEZ in Kolkata, which includes approximately 25.90 acres of land and DLF Tech Park, totaling a gross leasable area of around 10,54,357 square feet. The transaction is valued at approximately ₹693 crore and is subject to regulatory approvals and certain conditions. The Kolkata IT/ITeS SEZ Business contributed roughly ₹86.26 crore to DLF’s turnover for FY 2023-24, reflecting about 2.11% of the company’s total turnover. The sale is part of DLF's strategy to enhance cash flow and shareholder value, with completion expected within 12 months, pending agreed conditions. Investors should watch closely for the transaction's progress and its implications for the company’s financial health.