Prestige Estates Projects has received its board’s approval to increase stake in Partnership Firm Prestige Pallavaram Ventures from 51% to 100%. The firm is in the business of real estate development. It is currently contemplating development of residential property named ‘Prestige Highline’ in Pallavaram, Chennai, having a potential Built Up area of approximately 3.80 mn. sq ft. The transaction is in the ordinary course of business and is being done at arm’s length.
Post-acquisition, the company shall hold 100% stake in the Partnership Firm. As the Project is under approval stage, the partnership firm has not registered any turnover for the lost three preceding Financial Years.
Prestige Estates Projects is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.
| Company Name | CMP |
|---|---|
| Lodha Developers | 871.70 |
| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
| View more.. | |
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