ITI Limited Addresses Media Reports on ₹3,473 Crore Bengaluru Land Monetization
ITI Ltd issues NSE clarification on media reports regarding Bengaluru land monetization, stating the process is in early stages with NLMC.
BENGALURU — December 22, 2025 — ITI Limited, India's first Public Sector Undertaking and a leading telecom equipment manufacturer, has issued a formal clarification to the National Stock Exchange (NSE) regarding recent media reports. The clarification follows a news item published by Moneycontrol on December 19, 2024, titled "ITI to monetize 91 acre Bengaluru land parcel to raise Rs.3,473 Crore, clear dues and loans."
In its response, ITI Limited emphasized its commitment to transparency and adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Clarifications from ITI Limited
The company has addressed the specifics of the land monetization report to provide clarity to shareholders and the market:
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Source of Information: ITI Limited stated it did not directly share this information with any media outlets. The report likely originated from a Lok Sabha questionnaire reply submitted by the company through the Ministry of Communications.
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Status of Monetization: While the company has identified specific land parcels for monetization, the process is currently in the initial stages.
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Government Oversight: The monetization is being conducted under the guidelines of the Government of India and is being managed by the National Land Monetization Corporation (NLMC).
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No Binding Agreements: The company confirmed that no Sale Deeds or MOUs (Memorandums of Understanding) have been executed, and no financial advances have been received for these land parcels as of today.
Strategic Intent: Debt Reduction
The primary objective behind the land monetization plan is to strengthen the company’s balance sheet. The proceeds are intended for:
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Settlement of Bank Loans: Reducing interest burdens and improving financial health.
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Clearance of Statutory Dues: Ensuring compliance with pending government and regulatory payments.
Market Sentiment and Scrip Behavior
Addressing the recent volatility in its share price and trading volume, ITI Limited clarified that such fluctuations are purely market-driven or in response to speculative social media articles. The company reiterated that there are currently no undisclosed events that would impact price or volume behavior.