The board of directors of Puravankara Projects has recommended a final dividend of forty percent, or two rupees share on equity share of five rupees each for the recent year. The payment is subject to the sanction of the shareholders at the yearly general meeting.
Puravankara Projects is leading real estate development companies in India with a center of attention on developing residential and commercial properties. Part of the Puravankara group, it was incorporated as Puravankara Constructions on 3rd june 86. It became a public limited company on 10th july 1992.
The company has operations in Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore, Colombo (Sri Lanka) and United Arab Emirates.
Company shares declined by Rs 2.3 (less than one percent) to trade at Rs 289.5. The total value of shares traded was fifteen thousand seven hundred eighty two rupees at the BSE on Wednesday noon.