Puravankara completes sale of WOS Purva Ruby Properties for Rs 145 cr

Strategic Transactions View source PDF Explain this filing

PURVA · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+2.1%Reaction day

₹205.71

prior close

₹206.34

announcement price

After-mkt

timing

Nifty Microcap 250market-1.3%+3.4% vs market

Residential Commercial Projects peers, median of 66sector-1.2%+3.3% vs sector

On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 3.3 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

Stock

-1.0

10m

-1.3

15m

-1.1

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.1-1.3+3.4-1.2+3.3

Next day

+1.1-1.3+2.4-1.8+2.9

+2.1+0.0+2.1-1.2+3.3

+2.0-0.2+2.2-1.5+3.5

-1.5-3.0+1.5-4.0+2.6

+0.5-2.7+3.2-3.9+4.4

+2.4-1.7+4.1-2.6+5.0

15d

-10.8-8.9-2.0-9.0-1.8

—————

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

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Puravankara has completed the sale of its 100 percent stake in wholly owned subsidiary Purva Ruby Properties to Prishal Office Parks III (an ICICI Prudential AIF II fund entity) for about Rs 145 crores. Purva Ruby contributed only 1.06 percent of company turnover (around Rs 25.4 crores) and had negative net worth. The subsidiary ceased to be a WOS effective September 30, 2026. The buyer is not related to promoters and the deal is not a related party transaction.

Likely market impact

Minor financial impact as the subsidiary contributed only 1.06 percent of turnover. Brings in roughly Rs 145 cr cash from sale of a non-core asset to an institutional buyer.