Puravankara acquires stake in Devas Global Services LLP

17 Aug 2018

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.

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