Summary of Key Information:
Reporting Period (Quarter/Year): Not Specified
Nature of Filing / Announcement: Outcome of Board Meeting - Sale of Wholly Owned Subsidiary
Audit Opinion:
Not Specified
Key Financial Highlights:
Subsidiary Financials:
- Purva Ruby Properties Private Limited Turnover: ₹25,38,89,035
- Puravankara Limited Consolidated Turnover: ₹2,399,01,37,354
- Subsidiary Contribution to Turnover: 1.06%
- Subsidiary Net Worth: Negative (contribution to company net worth is Nil)
Corporate Actions:
- Sale of 100% paid-up equity shareholding in Purva Ruby Properties Private Limited (Wholly Owned Subsidiary)
- Buyer: Prishal Office Parks III Private Limited
- Transaction Value: ₹145,00,00,000 (Rupees One Hundred and Forty Five Crores)
- Share Purchase Agreement to be executed within 45 days from board approval date (by August 10, 2026)
- Consideration to be received post execution of Share Purchase Agreement
Other Significant Information:
- Upon completion of sale, Purva Ruby Properties Private Limited will cease to be a Wholly Owned Subsidiary of Puravankara Limited
- Company will provide further intimation upon execution of Share Purchase Agreement