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Puravankara gets nod to acquire additional 52% stake in Propmart Technologies

13 Nov 2021 Evaluate

Puravankara has received an approval to acquire additional 52% of shareholding in its associate company Propmart Technologies (PTL) for a token consideration of Rs 1,00,000 and consequently Propmart Technologies will become a subsidiary of Puravankara. PTL’s business is complementary to the business of the company and PTL has bright future in its business. The Board of Directors of the company at their meeting held on November 12, 2021 has approved the same.

Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.

Puravankara Share Price

225.55 0.15 (0.07%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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