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.
