Puravankara Limited will divest its stake in Purva Ruby Properties Private Limited to Prishal Office Parks III Private Limited for an estimated sale value of ₹145 crore, the company said in a stock exchange filing. Prishal Office Parks III Private Limited is owned by ICICI Prudential Office Yield Optimiser Fund – AIF II, an alternative investment fund managed by ICICI Prudential Asset Management Company Limited.

​The agreement for sale and the expected date of completion of the disposal are scheduled to take place within 45 days from the date of Board approval. The company said in a stock exchange filing that further updates will be provided after the signing of the Share Purchase Agreement (SPA), which is also when the consideration amount will be received.

​According to the filing, the buyers do not belong to the promoter, promoter group, or group companies. The transaction does not fall within related party transactions and is outside a Scheme of Arrangement.

​During the last financial year, Purva Ruby Properties Private Limited recorded a turnover of ₹25,38,89,035/-, compared to Puravankara Limited’s turnover of ₹2,399,01,37,354/-. This represents a 1.06% percentage contribution to the total turnover of the listed entity. The net worth of Purva Ruby Properties Private Limited is negative, making its contribution toward the net worth of Puravankara Limited nil.

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Published on June 26, 2026