Puravankara Completes ₹150 Crore NCD Allotment in Third Tranche of ₹300 Crore Private Placement Programme
Puravankara Completes Third Tranche of NCD Private Placement
Puravankara Limited completed the allotment of 1,500 non-convertible debentures worth ₹150 crores on February 13, 2026, as the third tranche of its ₹300 crore private placement program.
Debenture Specifications
The NCDs have a face value of ₹10 lakhs each and carry a 60-month tenure from the first allotment date. These unlisted, secured debentures were issued to identified investors in compliance with SEBI regulations.
Program Timeline and Approvals
This development represents a significant milestone in the company's ongoing fund-raising initiative, which was initially approved by the board in May 2025. The Management Sub-Committee of the Board approved the allotment through a Circular Resolution dated February 13, 2026.
This allotment forms part of Puravankara's broader fund-raising strategy approved on May 16, 2025. The tenure is 60 months from the deemed date of first allotment (June 20, 2025).
Regulatory Compliance
The allotment has been conducted in full compliance with regulatory requirements. Puravankara has made the necessary disclosures under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both BSE Limited (Stock Code: 532891) and National Stock Exchange of India Limited (Stock Code: PURVA) about this development, ensuring transparency and adherence to listing obligations.
Broader Financial Context
The company delivered strong Q3FY26 performance with consolidated revenue of Rs. 1,069.31 crore and net profit of Rs. 58.34 crore, representing a remarkable turnaround from previous quarter losses. The company's highest-ever quarterly collections reached Rs. 1,140 crore and outlined plans to launch projects worth approximately Rs. 6,700 crore in Q4 FY26 across key markets.
About Puravankara Limited
Puravankara Limited was incorporated by Ravi Puravankara in 1975. Founded in 1975, Puravankara Limited is one of India's most admired and trusted developers among the top real estate companies in India. The Company has its headquarters in Bengaluru.
Under his leadership, Puravankara has completed several residential and commercial projects across nine cities including Bengaluru, Mumbai, Pune, Goa, Hyderabad, Chennai, Kochi, Coimbatore, and Mangaluru. A 100% subsidiary of Puravankara Limited, Provident Housing carries its legacy with a portfolio of remarkable residential developments across 9 cities, namely, Bengaluru, Chennai, Coimbatore, Goa, Hyderabad, Kochi, Mumbai, Mangalore and Pune. With a family of 55,000+ happy residents, the company's mammoth scale of development is evidenced by its track record of ~20 million square feet of projects: ~12.8 million square feet completed and ~7.2 million square feet of ongoing projects.
Starworth Infrastructure and Construction Limited (SICL) is a wholly-owned subsidiary, the Engineering, Procurement and Construction (EPC) arm of Puravankara - focused on technology-enabled construction solutions. Established in 2008 as an independent general contracting firm, SICL was envisioned to serve external contracts and back-end services for the Puravankara group.