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Prestige Estates Projects’ arm acquires equity stake in DB (BKC) Realtors

15 Jul 2020 Evaluate

Prestige Estates Projects’ wholly owned subsidiary---Prestige Falcon Realty Ventures has acquired 1,17,503 equity shares representing 25.64% of the equity share capital of DB (BKC) Realtors from IIRF XI Holdings. The company also acquired 20,961 equity shares representing 4.57% of the equity share capital of DB (BKC) Realtors and 20,961 Series B redeemable optionally convertible cumulative preference shares representing 4.57% of the redeemable optionally convertible cumulative preference share capital of DB (BKC) Realtors from Vistra ITCL (India) (previously known as IL&FS Trust Company) as per the terms and conditions agreed in the Share Purchase Agreement(s) and other ancillary document executed with the sellers and/ or other necessary parties.

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

1357.50 19.70 (1.47%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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