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Puravankara Limited ( (IN:PURVA) ) just unveiled an update.
Puravankara Limited has announced that it has provided a corporate guarantee of Rs. 25 crore to its wholly owned subsidiary, Starworth Infrastructure & Construction Limited, in favor of IDFC First Bank Limited. This guarantee, aimed at facilitating construction equipment purchases, is a contingent liability for Puravankara, but currently has no impact on the company’s financial standing. The move underscores Puravankara’s commitment to supporting its subsidiary’s operational needs, potentially enhancing its market positioning and operational capabilities.
More about Puravankara Limited
Puravankara Limited operates in the real estate industry, focusing on residential and commercial property development. The company is known for its innovative and quality construction projects, catering to various market segments.
Average Trading Volume: 18,551
Technical Sentiment Signal: Hold
Current Market Cap: 57.81B INR
Find detailed analytics on PURVA stock on TipRanks’ Stock Analysis page.