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RBI allows FIIs to buy up to 49% stake in Prestige Estate Projects

13 Nov 2015 Evaluate

Reserve Bank of India (RBI) has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 per cent of the paid up capital of Prestige Estate Projects under the Portfolio Investment Scheme (PIS). RBI has further advised that the foreign shareholding by FIIs/RFPIs in Prestige Estate Projects have gone below the revised threshold limit. Accordingly, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect.

The company has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs.

Prestige Estate Projects is a property development and the flagship company of Prestige Group. Since its formation in 1986, the company has grown swiftly to become one of South India's leading Property Developers, helping shape the skyline across the Residential, Commercial, Retail, Leisure & Hospitality sectors.

 

Prestige EstatesProj Share Price

1384.45 0.00 (0.00%)
24-Apr-2026 09:09 View Price Chart
Peers
Company Name CMP
Lodha Developers 866.25
Dilip Buildcon 456.75
DLF 592.60
Oberoi Realty 1707.70
Ahluwalia Contract(I 887.10
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