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Prestige Estates inches up on entering into agreement with Mysore Projects

22 Oct 2020 Evaluate

Prestige Estate Projects is currently trading at Rs. 254.10, up by 1.60 points or 0.63% from its previous closing of Rs. 252.50 on the BSE.

The scrip opened at Rs. 252.55 and has touched a high and low of Rs. 255.85 and Rs. 250.15 respectively. So far 4416 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 426.15 on 20-Jan-2020 and a 52 week low of Rs. 133.85 on 19-May-2020.

Last one week high and low of the scrip stood at Rs. 269.80 and Rs. 246.10 respectively. The current market cap of the company is Rs. 10121.76 crore.

The promoters holding in the company stood at 65.48%, while Institutions and Non-Institutions held 32.57% and 1.95% respectively.

Prestige Estates Projects has entered into a Limited Liability Partnership agreement (LLP) with Mysore Projects, a wholly-owned subsidiary of Brigade Enterprises in Prestige OMR Ventures LLP. The two leading developers have jointly taken a 7.5-acre land on a 99-year lease located at Old Madras Road (OMR) in Bengaluru.
Prestige Estates and Mysore Projects are the partners in Prestige OMR Ventures LLP in the ratio of 70 percent and 30 percent, respectively. Both the partners will make equity investments as well as raise debt to develop this premium commercial project.

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
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Company Name CMP
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DLF 601.80
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Ahluwalia Contract(I 832.90
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