Corporate News 21-Mar-17
Board of Puravankara approves sale of shares in three subsidiaries
At meeting held on 21 March 2017
Puravankara announced that the Board of Directors at meeting held on 21 March 2017 have passed an enabling resolution for exit from the investment of Rs.403 crores at Raidurg, Panamaktha Village which would inter-alia involve the sale of its entire shares in three wholly owned subsidiaries of Puravankara. The transaction has been authorized on a condition that total inflow should not be less than a sum of Rs.475 crore.
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