Announced Mon, 6 Jul · 18:05 IST
Completes sale of 100% stake in Purva Ruby Properties to ICICI Pru AIF
Strategic Transactions View source PDF
PURVA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.8%1-day move
₹221.66
prior close
₹223.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3—-0.3-1.7-2.8-0.6+1.3+12.3+5.8+2.2————
Up moveDown movePending
AI summary
Puravankara has completed the sale of its 100 percent stake in wholly owned subsidiary Purva Ruby Properties to Prishal Office Parks III, owned by ICICI Prudential Office Yield Optimiser Fund (AIF II). Deal value is about Rs 145 crore. Purva Ruby contributed only 1.06 percent of Puravankara's turnover (Rs 25.4 crore against Rs 2,399 crore) and has negative net worth. SPA signed on June 30; connected documents completed on July 6, 2026. Buyers are unrelated to promoters.
Likely market impact
Sale of a small, loss-making subsidiary brings in about Rs 145 crore; minor financial impact given only 1.06 percent revenue contribution.