Date: August 17, 2026
Asset Sale Completion
Mastek Limited has successfully completed the sale of a commercial building with the following specifications:
- Location: Mahindra World City, SEZ, Chengalpattu, Chennai
- Built-up area: 1,57,233 Sq. Ft.
- Land area: 15.50 acres (leased land)
Transaction Details
- Agreement Date: The sale was executed pursuant to a Memorandum of Understanding (MOU) dated April 24, 2026
- Completion Date: August 17, 2026
- Consideration: ₹60 crores received in two tranches as per the MOU terms
- Buyer: Caresoft Mobility Private Limited
Financial Impact
The company confirmed that the standard disclosure requirements regarding turnover/revenue/income and net worth contribution by the asset are not applicable as this is an asset sale (not a business unit/division/undertaking sale).