PURAVANKARA : SALE OF SUBSIDIARY APPROVED WORTH ₹145,00,00,000

• Board approved sale and transfer of entire 100% paid-up equity shareholding in Purva Ruby Properties Private Limited (WOS) to Prishal Office Parks III Private Limited • Transaction valuation at ₹145,00,00,000 (Rupees One Hundred and Forty-Five Crores only) • Upon completion, Purva Ruby Properties Private Limited will cease to be the WOS of Puravankara Limited • Share Purchase Agreement ('SPA') is proposed to be executed within 45 days from Board Approval • The buyer, Prishal Office Parks III Private Limited, is an AIF managed by ICICI Prudential Asset Management Company Limited and is not part of the promoter group • Turnover of Purva Ruby Properties Private Limited was ₹25.39 Cr, contributing 1.06% to Puravankara's total turnover; its net worth is negative.

Puravankara Limited

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