Puravankara Completes Sale of Purva Ruby Properties for ₹145 Cr

Puravankara Ltd has announced the completion of the transfer of its entire 100% equity shareholding in its wholly-owned subsidiary, Purva Ruby Properties Private Limited, to Prishal Office Parks III Private Limited. The transaction, valued at an estimated ₹145 crore, was finalized on September 30, 2026. Following this divestment, Purva Ruby Properties Private Limited is no longer a subsidiary of Puravankara Ltd. The subsidiary contributed 1.06% to Puravankara's turnover in the last financial year, with a negative net worth. The buyer, Prishal Office Parks III Private Limited, is managed by ICICI Prudential Asset Management Company Limited and is not part of Puravankara's promoter or group companies. This transaction does not fall under related party transactions and is compliant with relevant SEBI regulations.