Puravankara Powers Up: ₹500 Million NCD Boost, Mega Contract Win, and Leadership Shuffle Signal Bold New Era

Puravankara Ltd topped the headlines on June 20, 2025, with a series of strategic actions—beginning with a fresh issue allotment of non-convertible debenture (NCD) to a significant contract victory and senior management overhaul—pointing towards strong growth trajectory for the Bengaluru-based realty behemoth.

 

Key Highlights

NCD Size of ₹500 Million

Puravankara issued issue of 500 unlisted, unrated, senior secured, redeemable non-convertible debentures (NCDs) of ₹10 lakh each, aggregating up to ₹500 million (₹50 crore), to specified investors on a private placement basis as Tranche 1. This is part of a larger board-approved scheme for raising up to ₹3,000 million (₹300 crore) through NCDs in different tranches to improve the capital structure of the company and to aid growth projects.

 

Large Civil Contract Victory:

Company's wholly-owned subsidiary, Starworth Infrastructure & Construction Limited, has received an EPC-based ₹2.72 billion (₹272 crore) order from Tru Dwellings Pvt. Ltd. for "TRU AQUAPOLIS" residential complex at Varthur, Bengaluru. The order increases Puravankara's revenue visibility and demonstrates its execution strength.

 

Management Changes:

The Board has approved the appointment of Mr. Mallanna Sasalu as CEO-South, which is a strategic leadership transition. Concurrently, Mr. Abhishek Kapoor resigned as Executive Director and Group CEO effective May 9, 2025. These appointments are expected to drive the company's next phase of regional growth.

 

Strong Financial Performance: 
Puravankara closed FY25 with a collection of ₹39.37 billion, 9% year-on-year growth, and began its Golden Jubilee year on a robust note, depicting its sustained operational resilience and investor confidence.

 

Market Impact
Subsequent to these disclosures, Puravankara shares saw a spike in trading activity, driven by confidence in its order book and capital-raising efforts. 

 

Source: Business Standard, Economic Times, HDFC Sky, Blinkx