Puravankara acquires additional 39.54% stake in Sobha Puravankara Aviation

Puravankara Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 532891 | NSE: PURVA

19 Feb 2025 Evaluate

Puravankara has acquired 37,80,000 equity shares of Rs 10 each (39.54%) of Sobha Puravankara Aviation (SPAL) held by Sobha Projects and Trade. As a result of this acquisition, the shareholding of Puravankara in SPAL has increased from the present 49.95% to 89.49%.

Sobha Puravankara Aviation is engaged in ‘Chartered Aircraft Service’ Industry.

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	1085.80
Prestige EstatesProj	1427.85
Dilip Buildcon	405.85
DLF	623.00
Oberoi Realty	1710.20
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.