Acquisitions7 Jul 2025, 01:39 pm
Prestige Estates Acquires Full Stake in Prestige Notting Hill Investments and Majority Stake in Prestige AAA Investments
AI Summary
Prestige Estates Projects Ltd, a leading real estate company, has announced the acquisition of additional partnership interest in Prestige Notting Hills Investments and Prestige AAA Investments. The company, through its wholly-owned subsidiary Prestige Falcon Malls Private Limited, has acquired 49% partnership interest in Prestige Notting Hill Investments, thereby holding 100% partnership interest in the company. Similarly, Prestige Estates Projects Limited has acquired 48.99% partnership interest in Prestige AAA Investments, holding 99.99% partnership interest in the company. The acquisitions were completed on July 7, 2025, and the necessary details have been disclosed as per the SEBI regulations.
Key Highlights
- Prestige Estates Projects Ltd acquires 100% partnership interest in Prestige Notting Hill Investments
- The company also acquires 99.99% partnership interest in Prestige AAA Investments
- The acquisitions were completed on July 7, 2025
- Prestige Falcon Malls Private Limited, a wholly-owned subsidiary of Prestige Estates, was involved in the acquisition
- The acquisitions were made in line with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015