Puravankara Limited has informed the Exchange about Board Meeting held on 27-Sep-2022 to consider Other business matters – Transfer of equity shares of two wholly owned subsidiaries, Purva Sapphire Land Private Limited (???Sapphire???) and Varishtha Property Developers Private Limited (???Varishtha???) held by the Company, to Provident Housing Limited, a wholly owned subsidiary of the Company (???Proposed Transaction???).Further details are as under:??? The proposed buyer is a wholly owned subsidiary of the Company and the transaction is not a related party transaction. Hence, Sapphire and Varishtha will continue to be the subsidiaries of the Company.??? The transfer of shares of Sapphire and Varishtha is at face value.
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