320-x-100_uti_gold.jpg" alt="Advertisement">
Prestige Estates Projects shines on acquiring 50% partnership interest in Prestige Realty Ventures
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Prestige Estates Projects is currently trading at Rs. 1245.00, up by 75.05 points or 6.41% from its previous closing of Rs. 1169.95 on the BSE.
The scrip opened at Rs. 1185.00 and has touched a high and low of Rs. 1256.10 and Rs. 1185.00 respectively. So far 15444 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1440.00 on 15-Jan-2024 and a 52 week low of Rs. 400.20 on 31-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1256.10 and Rs. 1106.30 respectively. The current market cap of the company is Rs. 49049.43 crore.
The promoters holding in the company stood at 65.48%, while Institutions and Non-Institutions held 31.24% and 3.27% respectively.
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.
