Puravankara Limited — QIP/Rights/Pref., 16-05-2025: Issue of Securities

Puravankara Limited has announced a board meeting to approve raising up to INR 300 Cr by issuing 3,000 secured, redeemable non-convertible debentures at INR 10 lakh each via private placement. These 5-year debentures are expected to be allotted around June 2025. The proceeds are likely for general corporate purposes. Also, Mr. Mallanna Sasalu, with 32 years in real estate, has been appointed as CEO-South.