Puravankara has received approval for acquisition of Devas Global Services LLP and to make it a wholly owned subsidiary of the company. The objective of the acquisition is to consolidate the real estate assets and liabilities. The cost of acquisition at which the shares are acquired is Rs 9,99,900.
The Board of Directors of the company at their meeting held on June 25, 2018, approved the same.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.