Puravankara Limited has provided a corporate guarantee amounting to 80 Cr on behalf of its wholly-owned subsidiary, Purva Blue Agate Private Limited.

This financial backing supports the subsidiary's issuance of non-convertible debentures.

For shareholders, this guarantee introduces a contingent liability for the parent company, though it currently has no immediate financial impact on operations.

This move facilitates fundraising for the subsidiary within the corporate group structure, bolstering project execution capabilities without direct immediate cash outflow for the parent entity.