Puravankara exits from investment of Rs 403 crore in Karnataka

28 Mar 2017

Puravankara has successfully exited from the investment of Rs 403 crore at Raidurg, Panamaktha Village in Karnataka. The company has received an aggregate Rs 475 crore in this transaction, with an unrelated third party in an arm's length transaction. Further, the company has transferred the entire shares in three wholly owned subsidiaries to the unrelated third party.

Puravankara (formerly Puravankara Projects) is a leading real estate company in India, with significant presence in Bengaluru, kochi, Chennai, Hyderabad and Mysore.

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