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Puravankara Projects firms up on the plans of launching India’s largest residential township project

13 Dec 2012

Puravankara Projects  is currently trading at Rs 96.90, up by 1.00 points or 1.04% from its previous closing of Rs 95.90 on the BSE.

The scrip opened at Rs 96.50 and has touched a high and low of Rs 99.40 and Rs 95.30 respectively. So far 137651 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 106.75 on 07-Dec-2012 and a 52 week low of Rs 54.15 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs 106.75 and Rs 90.90 respectively. The current market cap of the company is Rs 2091.56 crore.

The promoters holding in the company stood at 89.96% while Institutions and Non-Institutions held 8.52% and 1.52% respectively.

Provident Housing, wholly owned subsidiary of Puravankara Projects, is set to launch India’s largest residential township project -- Provident Sunworth, a 6 million square feet project spread over 60 acres, strategically located off Mysore road near the NICE ring road junction in Bengaluru, within driving distance from Electronics city, industrial hubs and the IT corridor.

The company is embarking on similar initiatives in other cities across the country, including Mumbai and Delhi.

Puravankara Projects is a leading real estate company in India, with significant presence in Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore and overseas in the United Arab Emirates, Kingdom of Saudi Arabia and Sri Lanka

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