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Prestige Estates surges on entering into Rs 2,500 crore Platform Deal with HDFC

08 Feb 2018 Evaluate

Prestige Estate Projects is currently trading at Rs. 302.60, up by 13.10 points or 4.53% from its previous closing of Rs. 289.50 on the BSE.

The scrip opened at Rs. 298.00 and has touched a high and low of Rs. 305.00 and Rs. 298.00 respectively. So far 10,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 356.10 on 16-Jan-2018 and a 52 week low of Rs. 148.00 on 14-Mar-2017.

Last one week high and low of the scrip stood at Rs. 318.45 and Rs. 281.05 respectively. The current market cap of the company is Rs. 11,347.50 crore.

The promoters holding in the company stood at 70.00%, while Institutions and Non-Institutions held 28.82% and 1.18% respectively.

Prestige Estate Projects has received an approval for entering into Platform Deal (Framework Agreement) for an arrangement between the company and HDFC Capital Advisors, a 100% subsidiary of HDFC, (through its investment funds), for taking up real estate developments across various geographies in the affordable/ mid-income housing segments through a mix of equity and debt funding. The total corpus of the Platform is approximately Rs 2,500 crore. The board of directors at its meeting held on February 7, 2018 approved the same.

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.


Prestige EstatesProj Share Price

1321.30 3.10 (0.24%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 827.75
Dilip Buildcon 434.80
DLF 569.60
Oberoi Realty 1671.50
Ahluwalia Contract(I 782.75
View more..

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