India, March 19 -- The guarantee has been issued to support the subsidiary's purchase of construction equipment and materials. The company clarified that the transaction is a contingent liability and currently has no financial impact on the standalone entity. It also stated that promoters or group companies do not have any interest in the transaction.

In a separate development, another wholly owned arm, Purva Oak Private, has received registration approval from the Maharashtra Real Estate Regulatory Authority for launching Tower D in its existing residential project 'Purva Panorama'.

The project is located in Kolshet, Thane (Maharashtra), and the newly approved tower will be part of the ongoing development. The MahaRERA registration num...