DLF shares up 2% after Rs 693 cr asset sale agreement with Srijan Group

DLF to sell its Kolkata IT SEZ business to Srijan Group for Rs 693 crore via a slump sale.

Deal includes 25.9 acres of land and 10.54 lakh sq ft DLF Tech Park; expected to close in 12 months.

The SEZ contributed Rs 86.26 crore (2.11%) to DLF's FY24 turnover.

DLF shares rose 2% after the announcement but remain down 25% over the past year.