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Provident Housing in talks with HDFC Capital to raise over Rs 1,000 crore

Dated on: Friday 3rd November 2023

Provident Housing Ltd (PHL), a wholly-owned subsidiary of Puravankara Ltd, is currently in discussions with HDFC Capital Advisors to secure over Rs 1,000 crore in funding to support its expansion plans. The proposed capital infusion will be in the form of equity and will be utilized for the construction of middle-income housing projects in the southern regions of Bangalore, Chennai, and Hyderabad, as well as for venturing into new markets.

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