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Prestige Estates Projects acquires 51% stake in Prestige Acres

03 Nov 2021 Evaluate

Prestige Estates Projects has invested amount of Rs 1,04,082 towards 51% equity in Prestige Acres on November 2, 2021. Further, the Company has also transferred its partnership interest in Ace Realty Ventures to Prestige Acres to consolidate Plotted Development portfolio of the Group under the brand ‘Prestige Acres’.

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