ITI Limited plans to monetize a 91-acre land parcel in Bengaluru to raise ₹3,473 Crore for clearing dues and loans. The company clarifies that while it hasn’t executed any sale deeds or received advances, it has identified land parcels for monetization in accordance with government guidelines. The process is being undertaken by the National Land Monetization Corporation (NLMC). The company also confirms that it promptly discloses all market-sensitive information.
Land Monetization Initiative
ITI Limited is exploring the monetization of a 91-acre land parcel located in Bengaluru. The goal is to raise approximately ₹3,473 Crore to reduce bank loans and pending statutory dues.
Clarification on Media Reports
The company addresses recent news items regarding the land monetization, specifically mentioning a report by moneycontrol.com. ITI Limited clarifies that while the information published by moneycontrol.com might stem from their reply to a Lok Sabha questionnaire, the company did not directly share this information with the media outlet.
Status of Land Parcels
ITI Limited has identified certain land parcels for monetization in line with the directions and guidelines of the Government of India. This process is being undertaken by the National Land Monetization Corporation (NLMC). As of December 22, 2025, the company has not executed any Sale Deed or MOU, nor has it received any advance payments for the said land parcels.
Company Stance on Market Speculation
ITI Limited confirms that there are no pending matters or events requiring disclosure to stock exchanges that might impact the company’s price or volume behavior. The company states that any fluctuations in share price and trading volumes are based on market speculation and that ITI Limited is not responsible for changes in the stock market.
Source: BSE