![Gujarat GIFT City](http://media.assettype.com/barandbench%2F2020-05%2Fccd31c23-5864-4860-8ed0-de4a527accfa%2FGujarat_GIFT_City.jpg?rect=0%2C0%2C2560%2C1440&w=480&auto=format%2Ccompress&fit=max)
The National Company Law Tribunal has approved the sale of IL&FS shares in Gujarat International Finance Tec-City Company Limited (GIFTCL/ GIFT City) to Gujarat Government for an aggregate sale consideration of Rs 32,70,94,000. (NCLT Order - IL&FS vs UOI- GIFT City)