Puravankara has acquired stake in Devas Global Services LLP. The entity has not conducted any business operation in the preceding 3 years. The percentage of shareholding is 99.99% along with provident housing, a wholly owned subsidiary, holding 0.0099% contribution.
The objective of the acquisition is to consolidate the real estate assets and liabilities. The cost of acquisition is Rs 9,99,990.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.