Prestige Estates Projects has acquired 10% equity stake in Prestige Sterling Infraprojects on July 29, 2022. With these acquisitions, the Company will hold 90% equity shares in Prestige Sterling Infraprojects. Prestige Sterling Infraprojects owns/right to own around 35 acres of land at Off Outer Ring Road, Varthur Hobli, Bangalore having potential developable area of around 3.4 million sft. The shares acquired at Rs 117.57 crore.
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.
