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Prestige Estate Projects’ arm enters into term sheet with GIC

26 Feb 2018 Evaluate

Prestige Estate Projects’ wholly owned subsidiary - Prestige Exora Business Parks (Exora) and Reco Jade Ind (Reco), a subsidiary of GIC (Realty), Singapore have entered into a preliminary term sheet in relation to a possible significant minority investment by Reco in Exora, which owns directly/ indirectly multiple office properties, both operating and under construction.

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.



Peers
Company Name CMP
Lodha Developers 1223.50
Prestige EstatesProj 1646.10
Dilip Buildcon 409.00
DLF 755.60
Oberoi Realty 1797.00
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