NSESale or disposal30 Sept 2026 · 30 Sept 2026, 07:05 pm
Sale or disposal
Puravankara Limited · PURVA
✦ AI SummaryDivestiture
Puravankara Limited has completed the transfer of its entire equity shareholding in Purva Ruby Properties Private Limited to Prishal Office Parks III Private Limited, ceasing Purva Ruby as a wholly-owned subsidiary.
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Full Announcement
Puravankara Limited has informed the Exchange about intimation on completion of Transfer of the Entire Equity Shareholding of the Company in Purva Ruby Properties Private Limited and the Company ceased to be Wholly Owned Subsidiary of Puravankara Limited.
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PURVA_30092026190522_SEintimation-v1.pdf
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Date: 30.09.2026
The General Manager, The Manager,
Listing Operations Listing Department,
Department of Corporate Services National Stock Exchange of India Limited,
BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1,
P. J. Towers, Dalal Street, Fort, G Block, Bandra-Kurla Complex, Bandra (E),
Mumbai- 400 001 Mumbai- 400 051
Stock Code: 532891 Stock Code: PURVA
Dear Sir / Madam,
Sub: Intimation on completion of Transfer of the Entire Equity Shareholding of the Company in Purva Ruby
Properties Private Limited
Ref: Regulation 30 read with Schedule III to the of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”)
We write to inform you that in continuation of our intimations dated June 26, 2026, July 06, 2026 and August
11, 2026 regarding the sale and transfer of Company’s entire (100%) Paid-up equity shareholding held in Purva
Ruby Properties Private Limited, Wholly Owned Subsidiary (‘WOS’) of the Company to Prishal Office Parks III
Private Limited, the Company hereby provides the final update in this regard that the transfer of the entire
equity shareholding of the Company in Purva Ruby Properties Private Limited as per the transaction documents
in relation to the Share Purchase Agreement (“SPA”) has been completed today i.e., September 30, 2026.
Consequently, Purva Ruby Properties Private Limited has ceased to be a Wholly Owned Subsidiary (‘WOS’) of
Puravankara Limited with effect from September 30, 2026.
The details required under Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations and
the SEBI Master circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023, and last updated
on January 30, 2026 with respect to the sale and transfer of the Company's shareholding in the aforesaid
subsidiary is enclosed herewith as Annexure I.
This is for your information and records.
Thanking you,
Yours sincerely,
For Puravankara Limited
(Sudip Chatterjee)
Company Secretary & Compliance Officer
ICSI Membership No.: F11373
Annexure I
Details as per under Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations and
the SEBI Master circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023, and last
updated on January 30, 2026:
Sl. No. Particulars Details
1. The amount and percentage of the turnover or Turnover of Purva Ruby Properties Private Limited is
revenue or income and net worth contributed ₹25,38,89,035/-
by such unit or division or undertaking or
subsidiary or associate company of the listed Turnover of Puravankara Limited is ₹
entity during the last financial year 2399,01,37,354/-
Contribution in percentage of turnover is 1.06%.
The net worth of the Purva Ruby Properties Private
Limited is negative. Hence, its contribution towards
n et worth of the Company is Nil.
2. Date on which the agreement for sale has The Share Purchase Agreement was signed on June
been entered into 30, 2026 and signing of other connected documents
had been completed on July 06, 2026.
Further the transfer of shares as per the transaction
documents in relation to the Share Purchase
Agreement (“SPA”) has been completed today i.e.,
September 30, 2026.
3. The expected date of completion of S eptember 30, 2026
sale/disposal
4 Consideration received from such Estimated Sale value is around ₹ 145,00,00,000/-
sale/disposal; (Rupees One Hundred and Forty-Five Crores only).
5. Brief details of buyers and whether any of the Prishal Office Parks III Private Limited, a company
buyers belong to the promoter/ promoter owned by ICICI Prudential Office Yield Optimiser Fund
group/group companies. If yes, details thereof – AIF II (“OYOF-II”), a category II Alternative
Investment Fund managed by its investment
manager, ICICI Prudential Asset Management
Company Limited.
The Buyers do not belong to the Promoter/ Promoter
Group/Group Companies.
6. Whether the transaction would fall within No
related party transactions? If yes, whether the
same is done at “arm’s length”
7. Whether the sale, lease or disposal of the Yes
undertaking is outside Scheme of
Arrangement? If yes, details of the same Purva Ruby Properties Private Limited is not an
including compliance with regulation 37A of undertaking as defined under Section 180(1)(a) of the
LODR Regulations Companies Act 2013, hence shareholder approval not
required. Accordingly, the Company is in compliance
of Regulation 37A of LODR Regulations.
8. Additionally, in case of a slump sale, indicative NA
disclosures provided for
amalgamation/merger, shall be disclosed by
the listed entity with respect to such slump
sale.