MoneyWorks4Me

Puravankara acquires stake in Devas Global Services LLP

17 Aug 2018 Evaluate

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.


Peers
Company Name CMP
Lodha Developers 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.70
DLF 653.90
Oberoi Realty 1734.10
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