Puravankara Limited’s shares saw a 2% uptick after the company announced an increase in its stake in Pune Projects LLP. The company’s shareholding rose from 32% to 68.26%, enhancing its control over the entity.
This strategic move underscores Puravankara’s commitment to strengthening its position in the Pune real estate market, one of India’s rapidly growing regions. The increase in stake aligns with the company’s broader growth strategy and reflects confidence in the potential of the Pune real estate projects.
Puravankara’s stock closed at ₹385.25 on the Bombay Stock Exchange, marking a positive start to the new year.
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