Puravankara Completes Sale of Subsidiary Purva Ruby Properties

Puravankara Limited has announced the completion of connected transaction documents for the sale of its entire 100% stake in its wholly-owned subsidiary, Purva Ruby Properties Private Limited, to Prishal Office Parks III Private Limited. The Share Purchase Agreement was signed on June 30, 2026, with other connected documents finalized on July 06, 2026. The estimated sale value is ₹145 crore. Purva Ruby Properties contributed 1.06% to Puravankara's turnover in the last financial year, with a negative net worth. The buyer is an ICICI Prudential fund, not related to Puravankara's promoter group. This transaction is outside the Scheme of Arrangement.