Completes sale of 100% stake in Purva Ruby Properties to ICICI Pru AIF

Strategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.7%Reaction day

₹221.66

prior close

₹223.00

announcement price

After-mkt

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Nifty Microcap 250market-0.7%-0.0% vs market

Residential Commercial Projects peers, median of 66sector-0.9%+0.1% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.1 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 66Pending

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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.