ITI's 13% Surge: Land Monetisation Plan to Raise ₹3,500 Crore

ITI Ltd.'s share price surged 13% as it plans to raise ₹3,500 crore through land monetisation, aiming to expand and diversify its telecom business.

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ITI's 13% Surge: Land Monetisation Plan to Raise ₹3,500 Crore

ITI's 13% Surge: Land Monetisation Plan to Raise ₹3,500 Crore
Shares of ITI Ltd. rose by 13% after the company announced plans to monetize its land assets, expecting to raise nearly ₹3,500 crore. This move aims to unlock value from its large land parcels, which have remained underutilized. The company will use these funds for expansion and business diversification, strengthening its market position in the telecom sector.
Companies:
  • ITI Ltd.
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  • ITI
  • stock market