01-04-2024 12:07 PM | Source: Reuters
India`s Prestige Estates inks $240 million real estate deal with ADIA, Kotak AIFa
Indian real estate developer Prestige Estates Projects has signed a 20.01 billion rupee (about $240 million) deal with the Abu Dhabi Investment Authority and Kotak Alternate Investment Fund to develop residential projects in the country.
The deal is to develop residential projects in "prominent locations" across the Indian cities of Bengaluru, Mumbai, Goa, and the National Capital Region, with a combined gross development value of over 180 billion rupees ($2.16 billion), Prestige said in a stock exchange filing on Monday.
Prestige rose nearly 5% at 1,225 rupees in early trade and was the top gainer on the Nifty realty index, which was up 1.6%
($1 = 83.3110 Indian rupees)
Latest News
Himatsingka Seide inches up on investing Rs 4 crore ...
Dynacons Systems & Solutions surges on winning proje...
Stock of the day : firstsource Ltd. For Target Rs.24...
Ultimate summer escape to the gateway of the northeast
NLC India moves up on reporting 35.27% growth in coa...
Indian Railways achieve 135.46 MT freight loading in...
Stock Picks : Larsen&Toubro Ltd. And Hindustan Unile...
Mid Market Comment by Mr Shrey Jain Founder and CEO ...
Gold trading range for the day is 71200-72020 - Kedi...
Indian firm Persistent Systems acquires US-based Sta...