Puravankara Limited — Others, 16-05-2025: Change in Management

Puravankara Limited has announced a board meeting on which it approved raising up to INR 300 Cr via private placement of 3,000 secured, redeemable, unlisted, unrated non-convertible debentures with a 60-month tenure. The issue will remain unlisted. The company also appointed Mr. Mallanna Sasalu as CEO – South and Senior Managerial Personnel. With over 32 years in real estate and key contributions to Provident Housing Ltd., his onboarding supports Puravankara’s operational expansion and growth plans.