Puravankara Limited Provides Corporate Guarantee of ₹150 Crore for Subsidiary
Puravankara Limited has announced the provision of a corporate guarantee on behalf of its wholly-owned subsidiary, Purva Oak Private Limited. The guarantee is for an aggregate amount of ₹150,00,00,000...
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Why is Puravankara Limited in the news today?
Puravankara Limited (PURVA) is in the news due to the announcement is a routine disclosure of a corporate guarantee for a subsidiary, which is a contingent liability. there is no immediate positive or negative financial impact mentioned for the parent company.
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Puravankara Limited Provides Corporate Guarantee of ₹150 Crore for Subsidiary
January 1, 2026, 06:21 AM
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More Details on This News
Puravankara Limited has announced the provision of a corporate guarantee on behalf of its wholly-owned subsidiary, Purva Oak Private Limited. The guarantee is for an aggregate amount of ₹150,00,00,000 (Rupees One Hundred and Fifty Crores only) towards the issuance of Commercial Papers of the same amount in favor of Catalyst Trusteeship Limited.
The disclosure, made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, clarifies that the promoter/promoter group/group companies do not have any interest in this transaction, with only Purva Oak Private Limited being interested. The company stated that the corporate guarantee represents a contingent liability. As Purva Oak Private Limited's accounts are consolidated with Puravankara Limited's, there is currently no direct impact on the listed entity.
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