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.
