Puravankara has allotted at par 500 Series A Secured, Unlisted, Unrated, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each, fully paid-up aggregating to Rs 50 crore. The tenure of the instrument is 36 months from the date of disbursement and date of maturity is November 28, 2019.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.