Prestige Estates Projects acquires 10% stake in Prestige Sterling Infraprojects Pvt Ltd

Prestige Estates Projects Limited ("Company") has acquired 10% equity stake in Prestige Sterling Infraprojects Private Limited on July 29, 2022. With these acquisitions, the Company will hold 90% equity shares in Prestige Sterling Infraprojects Private Limited. Prestige Sterling Infraprojects Private Limited owns/right to own around 35 acres of land at Off Outer Ring Road, Varthur Hobli, Bangalore having potential developable area of approximately 3.4 million sft.

Shares of Prestige Estates Projects Limited was last trading in BSE at Rs. 413.70 as compared to the previous close of Rs. 418.05. The total number of shares traded during the day was 10071 in over 829 trades.

The stock hit an intraday high of Rs. 426.55 and intraday low of 412.50. The net turnover during the day was Rs. 4220399.00.

Source : Equity Bulls

Keywords

PrestigeEstatesProjects INE811K01011 PrestigeSterlingInfraprojects StakeAcquisition