Puravankara jumps on transfering 49% stake of Bangalore Tower
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Puravankara is currently trading at Rs. 85.10, up by 1.35 points or 1.61% from its previous closing of Rs. 83.75 on the BSE.
The scrip opened at Rs. 83.20 and has touched a high and low of Rs. 85.25 and Rs. 83.20 respectively. So far 559 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 166.35 on 09-Nov-2021 and a 52 week low of Rs. 77.90 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 85.25 and Rs. 81.00 respectively. The current market cap of the company is Rs. 2018.14 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 18.36% and 6.64% respectively.
Puravankara has transferred its shareholding of 49% i.e., 47,72,047 shares held in Bangalore Tower, to Keppel Investments (Mauritius) and has received a total consideration of Rs 112.70 crore. Further to the aforesaid transaction, Bangalore Tower has ceased to be an associate of Puravankara.
Puravankara is a leading real estate company in India. In addition to construction division the company also has ‘interior works and modifications’ division that caters to any modifications required by customers for their apartments.
