Prestige Estates Projects surges as its arm acquires partnership interest in Bharatnagar Buildcon LLP
Prestige Estates Projects is currently trading at Rs. 1649.25, up by 32.30 points or 2.00% from its previous closing of Rs. 1616.95 on the BSE.
The scrip opened at Rs. 1617.00 and has touched a high and low of Rs. 1651.50 and Rs. 1616.00 respectively. So far 534 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1897.75 on 17-Dec-2024 and a 52 week low of Rs. 1048.30 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1707.40 and Rs. 1587.10 respectively. The current market cap of the company is Rs. 70338.25 crore.
The promoters holding in the company stood at 60.94%, while Institutions and Non-Institutions held 36.43% and 2.62% respectively.
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.
