Prestige Estates Projects’ wholly owned subsidiary -- Prestige Falcon Realty and subsidiary -- Prestige Projects have acquired partnership interest in Bharatnagar Buildcon LLP. With this acquisition, the Company now indirectly holds 66.93% partnership interest in Bharatnagar Buildcon LLP.
The Company holds 66.93% partnership interest in Bharatnagar Buildcon LLP, comprising 63.12% through Prestige Falcon Realty and 3.81% through Prestige Projects. The subsidiaries have infused Rs 938.75 crore by way of capital and current account contribution in the LLP.
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.
