Prestige Estates Acquires 100% Stake in Gloind Vintage Infra

Prestige Estates Projects Limited, through its wholly owned subsidiary Prestige Retail Ventures Limited (PRVL), has acquired 100% of the equity share capital of Gloind Vintage Infra Private Limited (Gloind). This acquisition, valued at approximately INR 519 crores, makes Gloind a wholly owned step-down subsidiary of Prestige Estates. Gloind, incorporated in 2025, is involved in real estate development and construction and holds a subsidiary, Tarun Realtors Private Limited. The transaction is a cash consideration and is expected to be consummated by November 12, 2026. This move is strategic for Prestige Estates' real estate and land development business.