Puravankara (PURVA) — Announcement

📢 Key Event
Sale of Purva Ruby Properties to close within 30 days

🔮 What's Next
closure within 30 days

💡 Investor Takeaway
The divestment is immaterial to Puravankara's overall financials but removes a non-core, loss-making subsidiary.

Puravankara Limited announced that the sale of Purva Ruby Properties Private Limited, contributing just 1.06% of its revenue, will close within 30 days, with an estimated [amount context mismatch] crore consideration from non-promoter buyer Prishal Office Parks III Private Limited, marking a slump sale outside a scheme of arrangement requiring no shareholder approval.

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About Puravankara Limited (PURVA)

Realty · Realty · Listed on NSE

Market Cap: ₹5,039.43 Cr P/E: 31.4 ROE: 8.7% ROCE: 14.8%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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