Puravankara incorporates Burgundyprime Realty as wholly owned subsidiary
- Puravankara incorporated Burgundyprime Realty Private Limited on October 19, 2026
- The new entity is a wholly owned subsidiary focused on real estate development
- Puravankara subscribed to 9,999 shares at ₹10 face value for total investment of ₹99,990
- The subsidiary is registered in Bengaluru, Karnataka, under the Companies Act, 2013
*this image is generated using AI for illustrative purposes only.
Puravankara Limited has incorporated a new wholly owned subsidiary, Burgundyprime Realty Private Limited, in India. The entity was registered with the Ministry of Corporate Affairs on October 19, 2026, to undertake real estate development activities.
The company subscribed to 9,999 equity shares of the new subsidiary at a face value of ₹10 per share. This transaction represents a total cash consideration of ₹99,990 for 100% shareholding control by Puravankara.
Subsidiary details
Burgundyprime Realty Private Limited is registered under the Companies Act, 2013, with its registered office located in Bengaluru, Karnataka. The incorporation aligns with the company's strategy to expand its footprint in the real estate sector through dedicated corporate vehicles.
| Particulars | Details |
|---|---|
| Name of entity | Burgundyprime Realty Private Limited |
| Date of incorporation | October 19, 2026 |
| Country of incorporation | India |
| Industry | Real estate |
| Nature of consideration | Cash |
| Shares subscribed | 9,999 equity shares |
| Face value per share | ₹10 |
| Total investment | ₹99,990 |
| Shareholding pattern | 100% held by Puravankara |
Regulatory compliance
The intimation was filed pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no specific governmental or regulatory approvals were required for this acquisition beyond standard incorporation procedures.
Historical Stock Returns for Puravankara
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.12% | -2.19% | -3.57% | -9.86% | -24.16% | 0.0% |
What specific real estate projects or geographic markets in Bengaluru is Burgundyprime Realty Private Limited expected to target in the near term?
How does the creation of this new subsidiary align with Puravankara’s broader capital allocation strategy and debt management plans for the upcoming fiscal year?
Will the new entity be used to ring-fence specific project risks, and how might this structure impact Puravankara’s consolidated balance sheet leverage?
17
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
