Prestige Estates Projects Ltd acquires partnership interest in Prestige Techcloud and Hotel Moxy

Prestige Estates Projects Limited ("Company") has acquired 50% partnership interest in Prestige Realty Ventures. With this acquisition, the Company will hold 99.90% partnership interest in Prestige Realty Ventures.

Prestige Realty Ventures has developed commercial building "Prestige Techcloud' and Hotel "Moxy - Prestige Tech Cloud" at Bengaluru.

The consideration of approximately Rs. 165 Crores to be settled within the forthcoming 90 days.

Shares of Prestige Estates Projects Limited was last trading in BSE at Rs. 1169.95 as compared to the previous close of Rs. 1189.90. The total number of shares traded during the day was 19051 in over 2011 trades.

The stock hit an intraday high of Rs. 1192.50 and intraday low of 1136.35. The net turnover during the day was Rs. 22208815.00.

Source : Equity Bulls

Keywords

PrestigeEstatesProjects INE811K01011 Realty StakeAcquisition PrestigeRealtyVentures PrestigeTechcloud HotelMoxy