Prestige Estates Projects directly and through its wholly owned subsidiary has acquired 40% partnership interest in Apex Realty Ventures LLP (target entity). With this acquisition, the LLP has now become wholly owned subsidiary of the Company.
The company is holding 60% partnership interest in the target entity and post this acquisition, the company with its wholly owned subsidiary will hold, directly and indirectly, 100% partnership interest.
Prestige Estates Projects is the flagship company of the Prestige Group. 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.
