PURAVANKARA PROJECTS LTD. - Puravankara Projects Ltd reply to clarification sought by the exchange

The Exchange has sought clarification from Puravankara Projects Ltd with respect to the news media report appearing on CNBC TV18 on November 25, 2014 titled "Puravankara initiates talks to buy land from Jaypee Infratech Ltd"<br/><br/>Puravankara Projects Ltd has replied stating that "we would like to clarify that neither Puravankara Projects Limited nor any of its its Subsidiaries / Associates have been in talks with M/s. Jaypee Infratech Ltd or any other person for purchase of any land in NCR Region.<br/><br/>We are only considering Joint Development opportunities at this point."