Sale and Transfer of entire paid up equity shares of the Company held in Purva Ruby Properties Private Limited, its Wholly Owned Subsidiary Company
M&A
▲ Positive Development
LOW RISK
📅 Filed on BSE: 26 Jun 2026, 05:04 PM IST · BSE ID: 38316b97-d234-42ae-9f72-6daf2450fc70
View Original BSE Filing (PDF)
💡
In Simple Terms
Puravankara Ltd is selling its subsidiary Purva Ruby Properties for ₹ 145,00,00,000/- to Prishal Office Parks.
🤖 AI Summary
- Puravankara Ltd Board approved sale of 100% equity in Wholly Owned Subsidiary Purva Ruby Properties Private Limited.
- Sale consideration is ₹ 145,00,00,000/- (Rupees One Hundred and Forty Five Crores only).
- Buyer is Prishal Office Parks III Private Limited, owned by ICICI Prudential Office Yield Optimiser Fund – AIF II.
- Purva Ruby Properties Private Limited contributed 1.06% to Puravankara's turnover; its net worth is negative.
- Share Purchase Agreement expected to be executed within 45 days from Board approval date.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Estimated Sale Value of Purva Ruby Properties Private Limited
₹ 145,00,00,000/-
Turnover of Purva Ruby Properties Private Limited
₹ 25,38,89,035/-
Turnover of Puravankara Limited
₹ 2399,01,37,354/-
Contribution in percentage of turnover by Purva Ruby Properties Private Limited
1.06%
🏢 How This Affects the Company
The divestment removes a subsidiary with negative net worth and a minor 1.06% contribution to the company's overall turnover.
The transaction will inject ₹ 145,00,00,000/- into Puravankara Ltd upon completion, while removing a subsidiary with negative net worth from its books.
The sale reduces exposure to a subsidiary with negative net worth, potentially streamlining the company's portfolio.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this board approval filing.
👤
Who Is Affected
All shareholders are indirectly affected by the company's decision to divest a non-core asset and receive ₹ 145,00,00,000/- in consideration.
🔍
Management Signal
Management is signalling a focus on divesting underperforming assets and optimizing the company's portfolio.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Execution of the Share Purchase Agreement within 45 days from June 26, 2026.
Company update to Stock Exchanges upon execution of the Share Purchase Agreement.
Next quarterly financial results for details on utilization of sale proceeds.
LOW RISK
The transaction reduces the company's exposure to a subsidiary with negative net worth.
💡 Investor Takeaway
Puravankara Ltd approved the sale of its Wholly Owned Subsidiary, Purva Ruby Properties Private Limited, for ₹ 145,00,00,000/-. This subsidiary had negative net worth and contributed 1.06% to Puravankara's turnover, indicating a strategic portfolio adjustment.
⚖️ Strengths & Concerns
✅ Positives
- Divestment of a Wholly Owned Subsidiary with negative net worth improves the overall financial structure of the parent company.
- The transaction brings in ₹ 145,00,00,000/- in estimated sale value, enhancing liquidity for Puravankara Ltd.
⚠️ Concerns
- Purva Ruby Properties Private Limited reported a negative net worth, indicating it was not contributing positively to the company's equity.
- The company's turnover contribution of 1.06% by Purva Ruby Properties Private Limited suggests minimal impact on overall revenue post-sale.
❓ Frequently Asked Questions
What is the sale consideration for Purva Ruby Properties Private Limited?
The estimated sale value for Purva Ruby Properties Private Limited is ₹ 145,00,00,000/- (Rupees One Hundred and Forty Five Crores only).
Who is acquiring Purva Ruby Properties Private Limited from Puravankara Ltd?
Prishal Office Parks III Private Limited, a company owned by ICICI Prudential Office Yield Optimiser Fund – AIF II, is acquiring Purva Ruby Properties Private Limited.
What was Purva Ruby Properties Private Limited's contribution to Puravankara's turnover?
Purva Ruby Properties Private Limited contributed 1.06% to Puravankara Limited's turnover, with its turnover being ₹ 25,38,89,035/-.
What is the net worth status of Purva Ruby Properties Private Limited?
The net worth of Purva Ruby Properties Private Limited is negative, resulting in a Nil contribution to the net worth of Puravankara Limited.
When is the Share Purchase Agreement expected to be executed?
The Share Purchase Agreement is proposed to be executed within 45 days from the Board approval date of June 26, 2026.
Questions based on this BSE filing only. For information purposes.