Prestige Estates Projects soars as its arm acquires 51% stake in Dashanya Tech Parkz
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Prestige Estates Projects is currently trading at Rs. 448.85, up by 10.60 points or 2.42% from its previous closing of Rs. 438.25 on the BSE.
The scrip opened at Rs. 452.45 and has touched a high and low of Rs. 457.75 and Rs. 446.75 respectively. So far 8193 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 511.30 on 05-Dec-2022 and a 52 week low of Rs. 375.00 on 05-Jul-2022.
Last one week high and low of the scrip stood at Rs. 457.75 and Rs. 433.65 respectively. The current market cap of the company is Rs. 17567.76 crore.
The promoters holding in the company stood at 65.48%, while Institutions and Non-Institutions held 31.62% and 2.89% respectively.
Prestige Estates Projects through its wholly owned subsidiary - Prestige Exora Business Parks has acquired 51% shares in Dashanya Tech Parkz. Cost of acquisition or the price at which the shares are acquired is Rs 66.07 crore. Dashanya Tech Parkz Private is engaged in the business of development and construction of commercial office space.
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.
