Prestige Estate Projects has received an approval for acquisition of CapitaLand's stake in entities engaged in business of Retail Malls for an aggregate consideration of around Rs 342 crore. The company has acquired stake in Prestige Mysore Retail Ventures, Prestige Mangalore Retail Ventures, Prestige Garden Constructions, Bobji Realtors, Thomsun Realtors, Flicker Projects and CapitaLand Retail Prestige Mall Management.
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.
