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Prestige Estates Projects acquires 50% partnership interest in Prestige Realty Ventures

01 Apr 2024 Evaluate

Prestige Estates Projects has acquired 50% partnership interest in Prestige Realty Ventures. With this acquisition, the company will hold 99.90% partnership interest in Prestige Realty Ventures. Consideration of around Rs 165 crore to be settled within the forthcoming 90 days. Prestige Realty Ventures has developed commercial building ‘Prestige Techcloud’ and Hotel ‘Moxy - Prestige Tech Cloud’ at Bengaluru.

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 1061.90
Prestige EstatesProj 1486.20
Dilip Buildcon 402.65
DLF 674.00
Oberoi Realty 1707.35
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