Prestige Estates subsidiary acquires equity stake in DB (BKC) Realtors Private Limited

Prestige Falcon Realty Ventures Private Limited, a wholly owned subsidiary of Prestige Estates Projects Limited, has acquired (i) 1,17,503 equity shares representing 25.64% of the equity share capital of DB (BKC) Realtors Private Limited from IIRF XI Holdings Limited and (ii) (a) 20,961 equity shares representing 4.57% of the equity share capital of DB (BKC) Realtors Private Limited and (b) 20,961 Series B redeemable optionally convertible cumulative preference shares representing 4.57% of the redeemable optionally convertible cumulative preference share capital of DB (BKC) Realtors Private Limited from Vistra ITCL (India) Limited (previously known as IL&FS Trust Company Limited) as per the terms and conditions agreed in the Share Purchase Agreement(s) and other ancillary document executed with the sellers and/ or other necessary parties.

Shares of PRESTIGE ESTATES PROJECTS LTD. was last trading in BSE at Rs.185.55 as compared to the previous close of Rs. 189.3. The total number of shares traded during the day was 63515 in over 2616 trades.

The stock hit an intraday high of Rs. 191.25 and intraday low of 181.6. The net turnover during the day was Rs. 11783103.

Source : Equity Bulls

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