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
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| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
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