Puravankara transaction closure delayed by 30 days

Puravankara Limited has announced a 30-day extension for the closure of a transaction, citing ongoing execution of CP documents. The original closure was expected within 45 days of board approval, with the Share Purchase Agreement signed on June 30, 2026, and other documents on July 06, 2026. The estimated sale value is ₹145 crore. The transaction involves Purva Ruby Properties Private Limited, whose net worth is negative. The buyers are Prishal Office Parks II Private Limited, managed by ICICI Prudential Office Yield Optimiser Fund-AIF II, and are not related to the promoter group.