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Puravankara acquires stake in PPL Khondapur Developers

08 Apr 2024 Evaluate

Puravankara has acquired 4,100 equity shares of Rs 100 each at par aggregating to Rs 4,10,000 by subscribing to the private placement of PPL Khondapur Developers, the step down wholly owned subsidiary of the company. As a result of the investment, PPL Khondapur will become step down subsidiary company from step down wholly owned subsidiary of the company. This investment will help PPL Khondapur to meet its expansion plans.  

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

Peers
Company Name CMP
Lodha Developers 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.70
DLF 653.90
Oberoi Realty 1734.10
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