Puravankara Limited — JV/Acquisition, 12-02-2026: Amalgamation/Merger

Puravankara's board has approved the merger of its wholly-owned subsidiaries, IBID Home Private Limited and Purva Woodworks Private Limited. This strategic move aims to integrate IBID's digital assets into Purva Woodworks, optimizing past investments. The merger is designed to leverage IBID's platform for expanding Woodworks' market reach, enhancing customer engagement, and strengthening its digital competitiveness. The transaction involves a share exchange ratio, and there will be no change in Puravankara Limited's shareholding pattern.