Puravankara Limited has announced the incorporation of a new wholly-owned subsidiary, Burgundyprime Realty Private Limited. This move aims to bolster the company’s real estate development activities. The new entity was incorporated on October 19, 2026, with an initial investment of ₹99,990 for 9,999 equity shares. This strategic step is expected to facilitate focused growth and expansion within the real estate sector.
Puravankara Expands Operations with New Subsidiary
Puravankara Limited has officially informed the stock exchanges about the incorporation of a new wholly-owned subsidiary (WOS). This strategic development, effective from October 19, 2026, marks a significant step in the company’s expansion plans within the real estate sector.
Details of the New Entity
The newly incorporated subsidiary is named Burgundyprime Realty Private Limited. It is established in India and its primary objective is to engage in real estate development. The incorporation is in line with the company’s strategy to further its presence and capabilities in the industry.
Financial Investment and Shareholding
Puravankara Limited has made an initial investment in the subsidiary by subscribing to 9,999 equity shares at a face value of ₹10 per share. This amounts to a total investment of ₹99,990. Consequently, Puravankara Limited holds 100% of the shareholding in Burgundyprime Realty Private Limited, solidifying its status as a wholly-owned entity. The company’s decision to establish this subsidiary is intended to drive focused growth and operational efficiencies in its real estate ventures.
Regulatory Compliance
This disclosure has been made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and subsequent SEBI circulars. The details provided adhere to the mandatory reporting requirements for such significant corporate actions.
Source: BSE
