NSESale or disposal6 Jul 2026 · 6 Jul 2026, 06:05 pm
Sale or disposal
Puravankara Limited · PURVA
✦ AI SummaryDivestiture
Puravankara Limited has completed the sale of its 100% stake in Purva Ruby Properties Private Limited to Prishal Office Parks III Private Limited for ₹ 145 crore.
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Full Announcement
Puravankara Limited has given an interim update that the Share Purchase Agreement
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PURVA_06072026180305_SE-intimation.pdf
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Date: 06.07.2026
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: Interim Update with regard to intimation dated June 26, 2026
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 intimation dated June 26, 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 is giving an interim update in this regard that the connected transaction
documents in relation to the Share Purchase Agreement (“SPA”) has been completed on July 06, 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. Particulars Details
1. The amount and percentage of the Turnover of Purva Ruby Properties Private Limited is
turnover or revenue or income and ₹25,38,89,035/-
net worth contributed by such unit
Turnover of Puravankara Limited is ₹ 2399,01,37,354/-
or division or undertaking or
subsidiary or associate company of Contribution in percentage of turnover is 1.06%.
the listed entity during the last
financial year The net worth of the Purva Ruby Properties Private
Limited is negative. Hence, its contribution towards net
worth of the Company is Nil.
2. Date on which the agreement for Within 45 days from the date of Board approval as
sale has been entered into communicated earlier, the interim update is that the
Share Purchase Agreement has been signed on June 30,
2026 and signing of other connected documents have
been completed on July 06, 2026.
3. The expected date of completion of Within 45 days from the date of Board approval.
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 Prishal Office Parks III Private Limited, a company
any of the buyers belong to the owned by ICICI Prudential Office Yield Optimiser Fund
promoter/ promoter group/group – AIF II (“OYOF-II”), a category II Alternative Investment
companies. If yes, details thereof 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 No
within related party transactions? If
yes, whether the same is done at
“arm’s length”
7. Whether the sale, lease or disposal Yes
of the undertaking is outside
Scheme of Arrangement? If yes, Purva Ruby Properties Private Limited is not an
details of the same including undertaking as defined under Section 180(1)(a) of the
compliance with regulation 37A of Companies Act 2013, hence shareholder approval not
LODR Regulations required. Accordingly, the Company is in compliance of
Regulation 37A of LODR Regulations
8. Additionally, in case of a slump sale, NA
indicative disclosures provided for
amalgamation/merger, shall be
disclosed by the listed entity with
respect to such slump sale.