Puravankara plans to exit Raidurg project

Shares of Puravankara Projects will remain in focus, as the company in a post-market-hours disclosure said that its board has passed an enabling resolution to exit its ₹403-crore investment at Raidurg Panamaktha Village. This will involve the sale of all shares held in three wholly owned subsidiaries. The company had bought the land in 2007 through open auction from APIIC. It had wanted to exit from the project in the last few years.