Puravankara sells Purva Ruby Properties stake for ₹145 Cr

1 min read Updated on 27 Jun 2026, 05:07 AM

Reviewed by

Naman SScanX News Team

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Puravankara Ltd's board approved the sale of its 100% stake in Purva Ruby Properties Private Limited to Prishal Office Parks III Private Limited for ₹145,00,00,000. The buyer is an entity owned by ICICI Prudential Asset Management Company Limited, and the transaction is not a related party deal. The Share Purchase Agreement is expected to be executed within 45 days, following which the subsidiary will cease to exist. The subsidiary had a turnover of ₹25,38,89,035 in the last financial year, contributing 1.06% to the parent company's total revenue, but had negative net worth.

*this image is generated using AI for illustrative purposes only.

Puravankara Ltd has approved the sale of its entire 100% stake in wholly owned subsidiary Purva Ruby Properties Private Limited to Prishal Office Parks III Private Limited for ₹145,00,00,000. The decision was taken by the company's board during a meeting held on Friday, June 26, 2026. Upon completion of the sale, Purva Ruby Properties Private Limited will cease to be a subsidiary of Puravankara Ltd.

The buyer, Prishal Office Parks III Private Limited, is owned by ICICI Prudential Office Yield Optimiser Fund – AIF II, a category II Alternative Investment Fund managed by ICICI Prudential Asset Management Company Limited. The filing confirms that the buyers do not belong to the promoter or promoter group of Puravankara Ltd. The transaction does not fall under related party transactions.

Puravankara Ltd is currently finalizing the Share Purchase Agreement (SPA) to effect the transaction. The company stated that the SPA is proposed to be executed within 45 days from the date of board approval. Intimation regarding the execution of the agreement will be provided to the stock exchanges upon completion.

According to the disclosures, the turnover of Purva Ruby Properties Private Limited for the last financial year was ₹25,38,89,035. This represented a contribution of 1.06% to the total turnover of Puravankara Ltd, which stood at ₹2399,01,37,354. The net worth of the subsidiary was negative, resulting in nil contribution towards the parent company's net worth.

The consideration of ₹145,00,00,000 will be received post the execution of the SPA. The regulatory references for the disclosure include Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master circular.

Historical Stock Returns for Puravankara

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.56%	+0.92%	+7.27%	-7.15%	-24.03%	+131.77%

How does Puravankara Ltd plan to utilize the ₹145 crore proceeds from the sale?

What impact will the divestment have on Puravankara's consolidated debt position?

Will this asset sale trigger a strategic shift towards reducing non-performing or loss-making assets?

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Puravankara to attend Valorem Advisors investor meet on July 3

0 min read Updated on 24 Jun 2026, 02:21 AM

Reviewed by

Shriram SScanX News Team

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Puravankara Ltd is set to participate in the Valorem Advisors India Online Investor Conference on July 3, 2026. The virtual meeting, scheduled from 4:00 PM to 5:00 PM IST, will involve management representatives discussing publicly available information. The company confirmed that no unpublished price sensitive information will be disclosed during the session.

*this image is generated using AI for illustrative purposes only.

Puravankara Ltd will participate in the Valorem Advisors India Online Investor Conference on July 3, 2026, to engage with the investment community. The virtual meeting is scheduled to take place between 4:00 PM and 5:00 PM IST. Management representatives from the company will attend the session, which will be conducted online from Mumbai.

The disclosure was made to the stock exchanges in accordance with Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company clarified that the discussion during the conference will be based solely on information already available in the public domain.

Puravankara stated that no unpublished price sensitive information will be shared during the event. The schedule for the meeting remains subject to potential changes due to exigencies on the part of analysts or the company.