Skip to main content

MoneyWorks4Me

Puravankara’s arm acquires 60% stake in DVIPL

09 Oct 2018 Evaluate

Puravankara’s wholly owned subsidiary -- Provident Housing (PHL) has entered into a share purchase agreement and purchased 60% of the Paid up Equity Share Capital of DV Infrhomes (DVIPL) to make it a subsidiary of PHL and whereby a step down subsidiary of the company. The cost of acquisition at which the shares are acquired is Rs 60,000.

The acquisition has been made with an intent to develop a project which involve construction of a rehabilitation building and the development and construction of approximately one tower for free sale on the land owned by DVIPL.

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 1012.10
Prestige EstatesProj 1408.50
Dilip Buildcon 376.95
DLF 672.15
Oberoi Realty 1605.25
View more..