MoneyWorks4Me

Puravankara acquires additional 39.54% stake in Sobha Puravankara Aviation

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 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.70
DLF 653.90
Oberoi Realty 1734.10
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