Puravankara has allotted at par 400 Series B Secured, Unlisted, Unrated, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 10,00,000 each, fully paid-up aggregating to Rs 40 crore. Earlier, the Board of Directors at their meeting held on November 15, 2019, approved the issue of Non- Convertible Debentures on Private Placement Basis.
This is further to the allotment at par of 500 Series A Secured, Unlisted, Unrated, Redeemable, Non-Convertible Debentures of face value of Rs 10,00,000 each, fully paid-up aggregating to Rs 50 crore on 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.
