ITI receives Rs 25 crore from C-DOT as part of Rs 200 crore land transfer deal
By Aditya Bhagchandani Published on June 2, 2025, 12:57 IST
ITI Limited has received an additional tranche of Rs 25 crore from the Centre for Development of Telematics (C-DOT), as part of a revised agreement concerning the transfer of 22.258 acres of land at Electronic City, Bangalore. The total value of the deal is pegged at Rs 200 crore.
In its regulatory filing dated June 2, 2025, ITI Limited confirmed that the payment is aligned with the Revised AMRCD (Arbitration and Mediation Resolution Committee of Disputes) proceedings between the two government entities. This latest tranche follows the execution of a sale deed between ITI and C-DOT.
The company stated that the balance amount will be received upon completion of remaining statutory formalities. The land transfer dispute between ITI and C-DOT had been ongoing, and this transaction marks significant progress in resolving the issue.
The development is disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Bay County OKs FDOT grant for road resurfacing and other improvements
BAY COUNTY, Fla. (WMBB) – Bay County Commissioners approved a $3.3 million 'Small Community Outreach Program' or SCOP grant. It will fully fund a resurfacing project of County Road 2321 from U.S. 231 to the Deer Point Lake Dam Bridge. The grant will also cover other improvements like turn lanes, guardrail installation, drainage upgrades and audible and vibratory treatments. The project is a part of a larger initiative to alleviate traffic and create safer roadways in the area. The Titus Road and Star Avenue roundabout is set to be advertised in the next week or so. Officials say there will be a lot of coordination to accomplish both. 'It will work with some other projects that we've got going on in that area that are going to help alleviate traffic flow. That area is growing. And so, with that, it allows us to be able to manage traffic flow, be able to improve the roadway as it currently exists, but also add some improvements to it with some separate projects that are going to be ongoing that allow flow of traffic,' Bay County District 4 Commissioner Doug Moore said. Commissioners voted to accept the DOT grant today for the resurfacing project. The money should arrive sometime after July. The county does not have to supply matching funds. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
2 hours ago
- Yahoo
Fundhost Selects SS&C to Power Fund Accounting & Registry Services
WINDSOR, Conn., June 03, 2025--(BUSINESS WIRE)--SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced Fundhost Limited, a boutique fund services provider to investment managers in Australia, has selected SS&C to support its fund services operations. Fundhost provides responsible entity, trustee, fund administration, registry, compliance, operations and support services to boutique Australian and international fund managers. The platform has AUD $2 billion in assets under management. Under the agreement, Fundhost will use SS&C's proprietary platform to streamline its unit registry and fund administration operations. As part of the transition, 10 Fundhost employees have joined SS&C's Sydney office to ensure continuity of service and a seamless onboarding process for Fundhost clients. "We are delighted to partner with SS&C Technologies, a global leader in fund administration and registry services," said Anne Monge, Fundhost founder and Joint-CEO. Drew Wilson, Joint-CEO of Fundhost, added: "We selected SS&C for their proven expertise across private markets, hedge funds, and active ETFs, as well as their global infrastructure. With access to SS&C's technology and operational resources, we're well-positioned to broaden our capabilities while maintaining the high level of service our clients rely on." The agreement expands SS&C's presence in Australia and reinforces its commitment to supporting the local investment management industry with flexible, scalable solutions. "We're excited to welcome our new colleagues and to deepen our presence in the Australian market," said Euan McLeod, Head of Transfer Agency, SS&C Global Investor & Distribution Solutions, Australia. "As demand for business process outsourcing continues to accelerate, we remain committed to delivering market-leading services to fund managers, custodians, and responsible entities across Australia." About Fundhost Fundhost is a leading integrated Responsible Entity offering responsible entity, trustee, accounting, administration, registry and via strategic relationship with HSBC, custody under one roof. A boutique itself, Fundhost has supported the development of some of Australia's most successful boutiques. About SS&C SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology. Additional information about SS&C (Nasdaq: SSNC) is available at Follow SS&C on X, LinkedIn and Facebook. View source version on Contacts Brian SchellChief Financial OfficerSS&C TechnologiesTel: +1-816-642-0915Email: InvestorRelations@ Justine StoneInvestor RelationsSS&C TechnologiesTel: +1- 212-367-4705Email: InvestorRelations@ Drew WilsonJoint-CEOFundhost LimitedTel: +61 414 755 954Email: dreww@ Media Contacts Sam Gentile | ProsekTel: +1-646-818-9195Email: pro-SSC@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
Fundhost Selects SS&C to Power Fund Accounting & Registry Services
WINDSOR, Conn., June 03, 2025--(BUSINESS WIRE)--SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced Fundhost Limited, a boutique fund services provider to investment managers in Australia, has selected SS&C to support its fund services operations. Fundhost provides responsible entity, trustee, fund administration, registry, compliance, operations and support services to boutique Australian and international fund managers. The platform has AUD $2 billion in assets under management. Under the agreement, Fundhost will use SS&C's proprietary platform to streamline its unit registry and fund administration operations. As part of the transition, 10 Fundhost employees have joined SS&C's Sydney office to ensure continuity of service and a seamless onboarding process for Fundhost clients. "We are delighted to partner with SS&C Technologies, a global leader in fund administration and registry services," said Anne Monge, Fundhost founder and Joint-CEO. Drew Wilson, Joint-CEO of Fundhost, added: "We selected SS&C for their proven expertise across private markets, hedge funds, and active ETFs, as well as their global infrastructure. With access to SS&C's technology and operational resources, we're well-positioned to broaden our capabilities while maintaining the high level of service our clients rely on." The agreement expands SS&C's presence in Australia and reinforces its commitment to supporting the local investment management industry with flexible, scalable solutions. "We're excited to welcome our new colleagues and to deepen our presence in the Australian market," said Euan McLeod, Head of Transfer Agency, SS&C Global Investor & Distribution Solutions, Australia. "As demand for business process outsourcing continues to accelerate, we remain committed to delivering market-leading services to fund managers, custodians, and responsible entities across Australia." About Fundhost Fundhost is a leading integrated Responsible Entity offering responsible entity, trustee, accounting, administration, registry and via strategic relationship with HSBC, custody under one roof. A boutique itself, Fundhost has supported the development of some of Australia's most successful boutiques. About SS&C SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology. Additional information about SS&C (Nasdaq: SSNC) is available at Follow SS&C on X, LinkedIn and Facebook. View source version on Contacts Brian SchellChief Financial OfficerSS&C TechnologiesTel: +1-816-642-0915Email: InvestorRelations@ Justine StoneInvestor RelationsSS&C TechnologiesTel: +1- 212-367-4705Email: InvestorRelations@ Drew WilsonJoint-CEOFundhost LimitedTel: +61 414 755 954Email: dreww@ Media Contacts Sam Gentile | ProsekTel: +1-646-818-9195Email: pro-SSC@ Sign in to access your portfolio
