ITI Limited is proceeding with the monetization of a 91-acre land parcel in Bengaluru to potentially raise ₹3,473 Crore for clearing dues and loans. The process is being managed by the National Land Monetization Corporation (NLMC) in accordance with government guidelines. While land parcels have been identified for monetization, no sale deeds or MOUs have been executed, nor any advances received.
Land Monetization Initiative
ITI Limited has identified certain land parcels in Bengaluru for monetization to settle bank loans and statutory dues. This initiative aligns with the Government of India’s directives and guidelines. The company aims to monetize a 91-acre land parcel in Bengaluru, potentially raising ₹3,473 Crore.
NLMC Involvement
The monetization process for these land parcels is being undertaken by the National Land Monetization Corporation (NLMC). This is part of ITI’s strategy to strengthen its financial position and streamline its operations.
Current Status
As of December 22, 2025, ITI Limited has neither executed any sale deed nor received any advance for the mentioned land parcels. This is a developing situation, with the company exploring options for financial restructuring. The monetization process is in its initial stages.
Clarification on Market Speculation
The company clarifies that while land parcels have been identified for monetization, all market activity and speculation on its share price are purely based on external sources. ITI is not responsible for increases or decreases in share price or changes in stock market conditions relating to the land monetization.
The company also wishes to confirm that there are no pending matters or events for disclosure to the Stock Exchanges that might have a bearing on the price/volume behavior in the company’s scrip, as of December 22, 2025.
Source: BSE