Puravankara has received in?principle approval to proceed to raise funds through Qualified Institutional Placement (QIP) mode up to an amount not exceeding Rs 1000 crore in one or more tranches. The Instruments to be issued under QIP may be equity shares /debentures (NCD/PCD/FCD)/preference shares as per the terms of issue, once finalized and approved by the Board.
Through this approval, the company will take required steps as and when the Company deems appropriate and such in? principle approval shall be valid for a period of One year as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended. The Board of Directors of the Company at its meeting held on June 13, 2024, has considered and 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.
