Puravankara Limited has increased its stake in Sobha Puravankara Aviation Private Limited (SPAL) to 99.95%, acquiring the remaining 10.46% of equity shares. The acquisition involved 999,900 shares for a total consideration of ₹99,990. This move strengthens Puravankara’s position in the chartered aircraft service industry through its subsidiary, SPAL.
Increased Holding in SPAL
Puravankara Limited has successfully acquired the remaining equity shares of Sobha Puravankara Aviation Private Limited (SPAL), increasing its ownership from 89.49% to 99.95%. The transaction was finalized on February 5, 2026.
Details of the Acquisition
The acquisition involved 999,900 equity shares, representing 10.46% of SPAL’s total equity. The purchase was completed for a total consideration of ₹99,990, with each share valued at a nominal price of ₹0.10.
About Sobha Puravankara Aviation Private Limited (SPAL)
SPAL operates in the ‘Chartered Aircraft Service’ industry. SPAL’s financial performance is as follows:
- FY 2024-25: Turnover of ₹2,851.84 Lakhs
- FY 2023-24: Turnover of ₹3,077.96 Lakhs
- FY 2022-23: Turnover of ₹2,051.71 Lakhs
Rationale for the Acquisition
This acquisition allows Puravankara to consolidate its control over SPAL. The transaction was conducted at arm’s length, with the share value determined based on an independent valuation.
Source: BSE
