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Puravankara Projects Ltd announces sale agreement to sobha developers


Friday, 2 May 2014 07:13am EDT 

Puravankara Projects Ltd:Says Puravankara Projects sold by way of sale and deed and agreement for sale to Sobha Developers Ltd., lands in Marine drive Kochi, Kerala and as co owner, Sobha Developers Ltd. would be constructing residential project at Marine drive in Kochi, Kerala.Total consideration is of 3.26 bln.Puravankara Projects received 1.61 bln as part of consideration with remaining payable within nine months from date of receipt of plan approval.Company would be using proceeds substantially to repay debt. 

Company Quote

81.85
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3:22am EST