Mastek Limited Completes Sale of Commercial Property in Chennai for Rs 60 Crores
Mastek Limited has successfully completed the sale of a commercial building located in Mahindra World City, SEZ, Chengalpattu, Chennai. The transaction involved the disposal of the asset along with its associated land, receiving an aggregate consideration of Rs 60 crores.
The company sold the commercial property, which boasts an approximate built-up area of 1,57,233 Sq. Ft., situated on a leased land measuring 15.50 acres. The sale and disposal were finalized on August 17, 2026, with the consideration received in two tranches.
The buyer for the property is Caresoft Mobility Private Limited. Mastek Limited confirmed that this transaction does not fall under related party transactions, ensuring it was conducted at arm's length. The buyers entity is also stated not to be part of the promoter or promoter group of Mastek Limited.
Key details of the asset disposal and sale are summarized below:
| Detail | Specification |
|---|---|
| Asset Sold | Commercial building (1,57,233 Sq. Ft.) on leased land |
| Location | Mahindra World City, SEZ, Chengalpattu, Chennai |
| Date of Agreement | August 17, 2026 |
| Completion Date | August 17, 2026 |
| Consideration Received | Rs 60 crores (in two tranches) |
| Buyer | Caresoft Mobility Private Limited |
MASTEK Stock Price Movement
Mastek Limited shares slipped by 1.50% on Monday, closing at ₹1811.8 after shedding ₹27.50.The equity saw a trading volume of 21,273 shares during the session.
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