Hot Pursuit     27-Dec-22
Puravankara gains as board to mull issuing NCDs
Puravankara rose 2.08% to Rs 90.75 after the company said its board will meet on 29 December 2022, to consider issuing non-convertible debentures (NCDs).
In regulatory filing the company said, "a meeting of the Board of Directors of the company will be held on Thursday, December 29, 2022, inter-alia to consider and approve the proposal for issuance of non-convertible debentures by way of private placement in one or more tranches."

Puravankara is engaged in the business of real estate development. The company reported consolidated net loss of Rs 17.14 crore in Q2 FY23 as compared to net profit of Rs 12.27 crore in Q2 FY22. Net sales declined 6.6% year on year to Rs 239.48 crore in Q2 FY23.

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