PUPuravankara532891Subsidiary or JV

Wholly owned subsidiary incorporated to carry on real estate development

Puravankara Ltd has incorporated a new wholly owned subsidiary, Burgundyprime Realty Private Limited, on 19th October 2026 in India.

By ScoutQuest · Mon 19 Oct 2026, 5:13 PM IST · 1 min read

Equity Shares Subscribed

9,999 equity shares

Face Value per Share

₹10 each

Total Subscription Amount

₹99,990/-

A new company added to the group

Puravankara Ltd has incorporated one new wholly owned subsidiary, Burgundyprime Realty Private Limited. The entity was incorporated on 19th October 2026 in India, and Puravankara Ltd is its holding company.

• Name of the entity: Burgundyprime Realty Private Limited
• Industry: real estate
• Object: to carry on real estate development
• Nature of consideration: cash

What was invested

The company subscribed to the subsidiary's shares at face value. This tells you how small the initial capital commitment is at this stage.

• Number of equity shares subscribed: 9,999
• Face value per share: ₹10
• Total amount: ₹99,990/-
• Shareholding held by the company: 100%

How to read this

Incorporating a wholly owned subsidiary is a routine step for a real estate developer. It usually creates a separate legal entity through which a project or a business activity can be undertaken. The subsidiary sits fully inside the listed company, so any business it does flows back to Puravankara Ltd's consolidated accounts.

The money involved here, ₹99,990/-, is the subscription to the share capital of a newly formed company. It reflects the initial share capital, and a newly incorporated company typically begins operations after this step.

What changes for an investor

• The group now has one more wholly owned entity; 100% of its shares are held by Puravankara Ltd.
• The stated purpose is real estate development, which is the same line of business as the parent.
• The transaction was in cash, with no share swap involved.

The update gives the incorporation details and the subscription amount. The scale of activity this subsidiary will undertake going forward is not specified in the disclosure.

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