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Puravankara transfers 49% stake of Bangalore Tower

29 Jun 2022 Evaluate

Puravankara has transferred its shareholding of 49% i.e., 47,72,047 shares held in Bangalore Tower, to Keppel Investments (Mauritius) and has received a total consideration of Rs 112.70 crore. Further to the aforesaid transaction, Bangalore Tower has ceased to be an associate of Puravankara.

Puravankara is a leading real estate company in India. In addition to construction division the company also has ‘interior works and modifications’ division that caters to any modifications required by customers for their apartments.

Peers
Company Name CMP
Lodha Developers 1102.05
Prestige EstatesProj 1443.00
Dilip Buildcon 407.75
DLF 641.65
Oberoi Realty 1738.80
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