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Prestige Estates Projects acquires entire stake in Prestige Falcon Realty Ventures

15 Nov 2019 Evaluate

Prestige Estates Projects has acquired 100% equity stake in its step down subsidiary -- Prestige Falcon Realty Ventures from its direct subsidiary Prestige Retail Ventures. Before acquisition, Prestige Retail Ventures, a wholly owned subsidiary of the Company, was holding 100% equity stake in Prestige Falcon Realty Ventures.

The transaction is in the ordinary course of business and has been completed at an arms’ length basis for a cash consideration of Rs 10 lakh.

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

1693.75 52.30 (3.19%)
17-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 1189.45
Dilip Buildcon 409.00
Sobha 1464.65
Oberoi Realty 1894.90
Ahluwalia Contract(I 853.45
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