IDFC First Bank Ltd. has sold its office premises in Bandra Kurla Complex (BKC), Mumbai to National Securities Depository Ltd. for Rs 198 crore.
In a regulatory filing late Monday, IDFC First Bank said it has "entered into agreement(s) with NSDL for the sale of its office premises located at Naman Chambers, BKC, Mumbai." This sale deal is a part of consolidation of the bank's operations near its corporate office at IDFC FIRST Bank Tower (The Square) at BKC.
"The consideration for the mentioned office premises amounts to around Rs 198 crore," it said.
The title and ownership of the office premises would be transferred to NSDL.
While the filing did not mention about the size of the office space sold by IDFC First Bank, property brokers said the size is nearly 70,000 square feet.
Real estate consultant Colliers India acted as the transaction advisor for the deal.
The bank had posted a profit after tax of Rs 765 crore in the first quarter of 2023-24.
RECOMMENDED FOR YOU
IDFC First Bank To Issue Compulsorily Convertible Shares Worth Rs 2,623 Crore Via Preferential Route
Aug 19, 2025
IDFC FIRST Bank Q1 Results: Net Profit Drops 32% Over Provisions Against MFI Book
Jul 26, 2025
Q1 Results Today: IDFC First Bank, Kotak Mahindra Bank, Premier Energies Among 38 Firms To Declare Earnings
Jul 26, 2025
IDFC First Bank, Kotak Mahindra Bank Q1 Results Today — Earnings Estimates
Jul 26, 2025
POPULAR