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Prestige Estate Projects acquires 99% stake in Ace Realty Ventures

17 Feb 2021 Evaluate

Prestige Estate Projects has acquired 99% stake in Ace Realty Ventures on February 15, 2021. Ace Realty Ventures is a partnership firm holding lands and rights in the lands near North Bangalore, which will be developed in the near future. Cash consideration paid through Banking channel. The objective of acquisition is to undertake real estate developments.

Prestige Estate 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 1155.00
Prestige EstatesProj 1477.95
Dilip Buildcon 412.15
DLF 670.70
Oberoi Realty 1836.05
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