Repro India completes ₹282 crore property sale
Repro India Limited has completed the sale of leasehold rights for a non-operational property in Navi Mumbai to STT Global Data Centres India Private Limited for ₹282 crore. The transaction, finalized on May 22, 2026, involved a property measuring 14,093 sq. mtrs and was approved by the Board of Directors. The proceeds will be utilized for debt reduction and strengthening the balance sheet.
*this image is generated using AI for illustrative purposes only.
Repro India Limited has completed the sale of leasehold rights for a non-operational immovable property situated in the Trans Thane Creek Industrial Area, MIDC, Mahape, Navi Mumbai. The transaction, which was approved by the Board of Directors earlier this year, was finalized on May 22, 2026, upon the execution of the Assignment Deed. The buyer, STT Global Data Centres India Private Limited, paid a total consideration of ₹282 crore for the property measuring 14,093 sq. mtrs.
The property was held on lease from the Maharashtra Industrial Development Corporation (MIDC), and the transfer of leasehold rights was carried out in accordance with the terms and conditions prescribed by MIDC. The company confirmed that all necessary approvals and consents from MIDC were obtained prior to the completion of the sale. The entire consideration amount was received by the company upon the execution of the Assignment Deed.
Transaction Details
The sale represents the monetization of a non-core, non-operational asset. Repro India Limited stated that the proceeds from the transaction will be utilized towards the reduction of debt and strengthening of the company's balance sheet. This strategic move aligns with the company's objective of unlocking value for its shareholders.
Key Information
| Sr. No. | Details of events | Information of event(s) |
|---|---|---|
| 1. | Contribution to turnover/revenue | No turnover, revenue or income was contributed by the said property |
| 2. | Date of agreement | Binding Memorandum of Understanding executed on February 13, 2026; Assignment Deed executed on May 22, 2026 |
| 3. | Date of completion | Sale/Transfer of Leasehold Rights completed effective May 22, 2026 |
| 4. | Consideration received | ₹282 Crores, subject to applicable Tax Deducted at Source (TDS) |
| 5. | Buyer details | STT Global Data Centres India Private Limited; does not belong to the Promoter/ Promoter Group/ Group Companies |
| 6. | Related party transaction | The Buyer is not a Related Party under Section 2(76) of the Companies Act, 2013, Regulation 2(zb) of Listing Regulations and applicable Accounting Standards |
The company clarified that the buyer does not belong to the promoter group or group companies, and the transaction does not fall under related party transactions. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Repro
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.05% | -1.97% | +2.92% | -24.73% | -32.48% | +3.82% |
How will the ₹282 crore debt reduction impact Repro India's credit ratings and borrowing costs going forward?
Could STT Global Data Centres' acquisition of this Navi Mumbai property signal further data center expansion plans in the MMR region amid India's growing digital infrastructure demand?
Does Repro India have additional non-core or non-operational assets that could be monetized as part of a broader balance sheet restructuring strategy?
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