Dividend Announcement and Company Overview
Puravankara Projects has announced a significant financial decision by recommending a final dividend of forty percent, which translates to two rupees per equity share of five rupees. The proposed dividend is contingent upon shareholders' approval during the upcoming annual general meeting.
Company Background
Established initially as Puravankara Constructions on June 3rd, 1986, the company transitioned to a public limited entity on July 10th, 1992. It has emerged as a prominent real estate development organization with a robust presence across multiple geographical regions.
Operational Footprint
The company's operational landscape spans several key locations, including:
Major Indian cities:
- Bangalore
- Kochi
- Chennai
- Coimbatore
- Hyderabad
- Mysore
International presence:
- Colombo, Sri Lanka
- United Arab Emirates
Market Performance
On the trading day, Puravankara Projects' shares experienced a modest decline of Rs 2.3, trading at Rs 289.5, representing less than one percent reduction. The total trading volume at the Bombay Stock Exchange (BSE) amounted to fifteen thousand seven hundred eighty-two rupees during the noon trading session.