Puravankara issues corporate guarantee on behalf of subsidiary

Puravankara has issued a corporate guarantee on behalf of its wholly owned subsidiary, Grand Hills Development. The corporate guarantee has been provided in favour of IDBI Trusteeship Services for up to 100% of the maturity value of the 25,500 secured, listed, redeemable Non-Convertible Debentures of face value of Rs. 1,00,000/- each, aggregating to Rs. 255 crore being issued by Grand Hills Developments.

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