Puravankara Limited Provides Update on Sale of Purva Ruby Properties Private Limited
Puravankara Limited has released details regarding the sale and disposal of its entity, Purva Ruby Properties Private Limited. The company provided an update confirming the timeline for closing this transaction, which is currently in process due to ongoing execution of documents.The estimated sale value for Purva Ruby Properties Private Limited has been set at ₹145,00,00,000/- (Rupees One Hundred and Forty-Five Crores only). The buyer in this transaction is Prishal Office Parks III Private Limited, which is a company owned by ICICI Prudential Office Yield Optimiser Fund - AIF II. The buyers are noted as not belonging to the Promoter or Promoter Group of Puravankara Limited.
The Share Purchase Agreement was signed on June 30, 2026, and connected documents were finalized on July 06, 2026. The company expects the completion of this sale within 30 days from the date of this intimation.
Financial Contribution and Transaction Status
During the last financial year, Purva Ruby Properties Private Limited reported a turnover of ₹25,38,89,035/-. This figure contributed 1.06% to the total turnover of Puravankara Limited, which stood at ₹2399,01,37,354/-.The net worth of Purva Ruby Properties Private Limited was reported as negative, meaning its contribution towards the parent company's net worth is Nil.
The transaction has been confirmed to be conducted outside a Scheme of Arrangement, and it does not fall under related party transactions, confirming that the sale is at arm's length.
Key details concerning the disposal are summarized below:
| Particulars | Details |
|---|---|
| Estimated Sale Value | ₹145,00,00,000/- |
| Buyer Entity | Prishal Office Parks III Private Limited (Owned by ICICI Prudential Office Yield Optimiser Fund - AIF II) |
| Sale Agreement Date | June 30, 2026 |
| Expected Completion Date | Within 30 days from the date of intimation |
| Transaction Type | Non-Related Party Transaction; Outside Scheme of Arrangement |
PURVA Stock Price Movement
Puravankara Limited shed 0.31% to close at ₹212.31 today after the stock edged lower from its previous close of ₹213.16. The shares saw a traded volume of 51,348 during the market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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